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Duty-free allowance doubled |
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Travellers can now bring back more than double the amount of gifts and souvenirs from outside the EU without paying UK duty. From 1 December 2008, the tax and duty-free allowance rises from £145 to £300, with a further increase to £340 in January 2009 to take account of recent changes in the sterling/euro exchange rate. Following a proposal from the then Chancellor of the Exchequer Gordon Brown to the European Commission in 2004, the Government has announced an increase to the allowance for what are known as 'other goods', which includes souvenirs, clothing, electrical goods and perfume. Travellers and holiday makers will also be able to bring back more alcohol, with a new allowance for beer of 16 litres and a doubling in the allowance of still wine, from two to four litres. Financial Secretary to the Treasury, Stephen Timms, said: "This new rate for all EU member states will be a welcome boost to holiday makers and all others travelling outside the EU. The changes stem from an initiative by the then Chancellor, Gordon Brown, and demonstrate the benefits of the UK working at the heart of Europe. " Several other changes to the tax and duty free allowances will also take effect on 1 December 2008:
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About The Author ![]() Sarah Laing Sarah is a Chartered Tax Adviser. She has been writing professionally since joining CCH Editions in 1998 as a Senior Technical Editor, contributing to a range of highly regarded publications including the British Tax Reporter, Taxes - The Weekly Tax News, the Red & Green legislation volumes, Hardman's, International Tax Agreements and many others. She became Publishing Manager for the tax and accounting portfolio in 2001 and later went on to help run CCH Seminars (including ABG Courses and Conferences). Sarah originally worked for the Inland Revenue in Newbury and Swindon Tax Offices, before moving out into practice in 1991. She has worked for both small and Big 5 firms. She now works as a freelance author providing technical writing services for the tax and accountancy profession. |
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Article Added Tuesday, 02 December 2008 |
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