Brad Ashton, the customs and international trade partner at the advisory company RSM UK, said: “If these goods aren’t being imported into the US, other jurisdictions, such as the EU and UK, could see an increase in cheap goods flooding the market.”.
UK urged to close tax loophole to prevent ‘massive influx’ of Shein and Temu goods Campaigners and retailers say Britain should follow US and EU in phasing out exemption on duties for low-value parcels.
Tax campaigners have joined retailers in urging the UK government to close a tax loophole to prevent a “massive influx” of cheap goods from companies such as Shein and Temu flooding the market.
Andrew Goodacre, at the British Independent Retailers Association, said it had already raised the issue with the government, arguing that “the UK government must follow suit” after the US and EU rule changes.
Paul Monaghan, the chief executive of the Fair Tax Foundation, said that in the light of the rule changes in the EU and US, the UK “can expect a massive influx of even more Shein and Temu products”, unless action was taken.
