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‘Dispiriting’: Ministers speed up crackdown on Shein and Temu – by just six months

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NEWSDECK ANALYSIS
The "de minimis" regime has been a point of contention for high street retailers, who argue that it gives fast-fashion importers an unfair advantage by allowing them to avoid paying tax on low-value imports. This tax exemption has been seen as a significant factor in the rise of online retailers like Shein and Temu, which have disrupted traditional high street business models. The government's planned crackdown on this loophole is part of a broader effort to level the playing field for UK-based retailers.
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‘Dispiriting’: Ministers speed up crackdown on Shein and Temu – by just six months
Retailers have criticised the government for failing to move fast enough on closing a tax loophole that they say favours fast-fashion importers like Shein and Temu. High street businesses had been urging the government to bring forward its planned end to the “de minimis” regime, which exempts imports worth less than £135 from paying tax. [...]
23 Jun, 15:34
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