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WQ.188/2022
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY R.S. KOVACS OF ST. SAVIOUR
QUESTION SUBMITTED ON MONDAY 26th SEPTEMBER 2022 ANSWER TO BE TABLED ON MONDAY 3rd OCTOBER 2022
Question
Would the Minister identify any differences in Goods and Services Tax Revenue resulting from changes in the de-minimus level introduced in 2020?
Answer
The de minimis threshold for collecting Goods and Services Tax (GST) on the value of imported goods decreased on 1 October 2020 from £240 to £135 for personal imports. At the same time greater compliance activity was undertaken to restrict entitlement to personal importations for private use, in accordance with existing statute.
The table below shows the number of personal consignments with a value of between £135 and £240 and business consignments with a value under £240 for the years 2019 to 2021, together with the associated GST liability on those consignments.
Prior to 1 October 2020 the liability was subject to the de minimis and not collected. GST was only collected on these consignments from 1st October 2020 onwards.
|
|
|
2019 |
2020 (Jan to Sep) |
2020 (Oct to Dec) |
2021 |
|
Personal Imports Value £135 to £240 |
Consignments |
21,804 |
20,055 |
20,273 |
61,520 |
|
GST liability |
£199,326 |
£182,940 |
£180,524 |
£549,134 |
|
|
|
|
|
|
|
|
|
Business Imports Value £0 to £240 |
Consignments |
34,073 |
18,236 |
6,691 |
29,902 |
|
GST liability |
£134,303 |
£71,488 |
£37,941 |
£179,847 |
|
|
|
|
|
|
|
|
|
Total Import GST collected |
|
£3,936,653 |
£4,904,875 |
£6,778,247 |
|
The Covid-19 pandemic and associated restrictions and behaviours will have had an impact on volumes and values in 2020 and 2021.