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Shoppers will pay 20% VAT on all international online purchases from January 2021

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dailyrecord.co.uk

Amazon Prime Day has been pushed back this year as a result of the global coronavirus pandemic and expected to take place in October.

The annual event usually occurs in early July and an exact date has still to be confirmed, but it will be the last one before new VAT changes hit UK shoppers early next year.

As a result of those changes, ParcelHero is warning online shoppers, who purchase items from international sellers, they will soon see a 20 per cent rise in the price of many items.

An HM Revenue and Customs (HMRC) policy paper, released earlier this week, confirmed that Low Value Consignment Relief will end on all imports into the UK once Britain leaves the European Union (EU) on January 1, 2021.

Read more on dailyrecord.co.uk
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