ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

Postal gift VAT threshold lowered

Latest Royal Mail and CWU news.This is an open forum.
TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72741
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Postal gift VAT threshold lowered

Post by TrueBlueTerrier »

http://www.bbc.co.uk/news/world-europe- ... y-20883023" onclick="window.open(this.href);return false;?

People posting gifts from the Channel Islands to the UK with a value of more than £36 will have to pay VAT.

Until 1 January, non-commercial parcels up to the value of £40 were exempt from VAT, but the threshold has been lowered by HM Revenue and Customs (HMRC).

Its decision followed an annual revalorisation [re-evaluation] of the euro against the pound sterling.

If VAT is not pre-paid on gifts exceeding £36, the recipient will be charged VAT plus a handling fee.

Jersey Post Group said HMRC's definition of a gift is "an item sent between two private people, is of occasional nature such as a birthday or Christmas gift and where no monetary consideration has been made".
All post by me in Green are Admin Posts.
Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.