Monday, July 22, 2024
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Business Beat

It cannot have escaped the attention of those in business that the world of import, export and VAT has changed somewhat since the start of the year. And depending on perspective, the change may be for better or for worse. On one hand, life is far more complicated for UK firms importing and exporting – and the same is true for our continental cousins. But for UK retailers fighting online traders from Europe such as FC Moto, Tyreleader and 24MX, the new landscape may be welcome since the duties and VAT charged on import (and the consequent new difficulties placed on returns to the EU) may make UK customers think twice when buying from Europe – preferring UK retailers instead…

Read the full Business Beat column here.

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