Reduce import VAT on Second Hand Goods to 5% the same as Art and Collectables

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Petition Action

Reduce import VAT on Second Hand Goods to 5% the same as Art and Collectables

Petition Details

Allow second hand goods to be imported at the reduced rate of 5% VAT, in the same way Art and Collectables are, and allow for them to be bought and sold under the VAT Margin scheme. This way the second hand goods trade will not be so drastically effected by the new Brexit trade agreement.

Additional Information

This will also allow for prices of second hand goods to be kept at a competitive and reasonable price for consumers.

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