Independent retailers welcome low-value import reforms but warn two-year wait leaves high streets exposed
Posted on in Business News , Cycles News
ACT parent company Bira has welcomed government moves to accelerate reforms to low-value import rules, but warned that the October 2028 timetable still leaves UK high streets, including retailers in the cycling sector, exposed to unfair overseas competition for more than two years.
Bira has been campaigning to close the low-value import loophole since its 2024 conference.
The government announced this week that it is bringing forward by six months plans to scrap customs duty relief on goods valued at £135 or less, with the changes now due to take effect in October 2028.
Andrew Goodacre, CEO of Bira, said: "One cheer for the Treasury for acknowledging our campaign to close the loophole on low-value imports - the current regime puts UK independent retailers at a distinct disadvantage. But we fail to understand the inexplicable delay in implementing this change, even at the so-called accelerated timetable, which remains more than two years away. America has already closed this loophole and Europe will follow suit next year."
Mr Goodacre added: "The lack of urgency from our own government risks leaving the UK as a dumping ground for cut-price overseas sellers. We reiterate our support for the levy of a modest handling charge on each item, should the Treasury continue to delay the removal of the £135 duty threshold. Successive governments have stressed the importance of high streets in enhancing communities - we very much hope that the new government shows greater urgency and concern over the crisis on our high streets, an issue of great importance to voters."