So we have all enjoyed the odd bargain direct from China, Tax free! But come the 1st January 2021 here in the UK things are about to change.
A few people are thinking that small purchases won't be affected. Sorry, they will. The £15 VAT-free limit is being abolished. Even if you only want a £1 rubber glass hammer along with a matching left-handed spanner, the firm will have to register and pay the tax up front.
The only saving grace is that private sales between individuals, and gifts, will still be tax-free up to £39.
With goods sold via on-line marketplaces like ebay, Amazon etc, the onus will be on the marketplace, not the individual trader, to register for VAT.. Whatever, it's the consumer that will suffer.