Removing UK tariff exemptions could hurt businesses, tradebody warns

Trade Support Gap Leaves Firms Flying Solo   - British Chambers of Commerce

Zero percent of surveyed UK exporters say they have “comprehensive support” from government to manage trade policy changes, according to new research by the British Chambers of Commerce (BCC), in partnership with global standards organisation GS1 UK.  The BCC’s Insights Unit surveyed 939 firms – 40% exporters – with 0% of responding businesses saying government was providing comprehensive support on trade policy changes.   Of all firms surveyed,…

Proposed low-value import duties raise concerns for SMEs

Plans to introduce import duties on low-value goods are drawing concern from business groups, with the East Midlands Chamber warning that the policy could create additional pressure on small and medium-sized firms. The UK Government has been considering whether to remove the current tariff exemption that allows low-value imports to enter the country without duties. […]

Chamber backs calls to shelve proposed charges on low value imports - East Midlands Chamber

Government proposals for import costs to be applied on low value and individual items would disproportionately impact SMEs and should be rethought, East Midlands Chamber has said, in response to findings from British Chambers of Commerce (BCC) research.   Charges, for proposed implementation in 2029, would result from removal of the UK’s tariff exemption on low value imports. The EU has said it may follow the US which removed its ‘de minimis’ ex…

Ending UK Customs Relief On Low-Value Imports Could Push Up Prices

Removing the UK’s tariff exemption for low-value imports could push up prices and harm small companies and trade, a leading business group has said, as it called for a phased-in approach to ending the “de minimis” rules. Read the full (more…) The post Ending UK Customs Relief On Low-Value Imports Could Push Up Prices appeared first on KamCity.

BCC warns of price hikes over import tariff changes

The British Chambers of Commerce (BCC) has warned that removing the UK’s tariff exemption for low value imports could push up prices and reduce trade intensity for small businesses.  The government is considering the move after the US removed its ‘de minimis’ exemption, while the EU intends to introduce new handling charges for cheaper packages. Research of 608 businesses by the BCC Insight Unit found that 52% of goods importers would pass a 5% …

BCC warns ending low-value import tax break could push up prices

Ending the UK’s tariff exemption on low-value imports could drive up prices for consumers and create new pressures for small businesses, the British Chambers of Commerce (BCC) has warned, as it urged the government to take a phased approach to scrapping the “de minimis” rules. The government plans to remove the customs duty exemption on imports worth less than £135, meaning these goods will become subject to tariffs. The reform is not expected t…