A tax loophole that retailers have argued gives online giants such as Shein an unfair advantage will not be closed for more than two years, prompting claims that the government is undermining efforts to rejuvenate Britain’s high streets.
The Treasury on Tuesday said it would begin charging import duties on small parcels sent to the UK worth less than £135 from October 2028, bringing the original date forward from March 2029.
It also rejected a call by a host of retailers, including Marks and Spencer, Argos, Next and Primark, to introduce a temporary flat fee to counter what they claim are waves of imports that avoid local taxes and potentially bypass safety standards.