Chinese impliment 6% VAT - does it affect UK buyers?

Chinese impliment 6% VAT - does it affect UK buyers?

...In short, yes, for now anwyay.

On 1st August 2013, China’s new Value-Added Tax (VAT) reform is extended nationwide. This reform implies the shift from turnover tax (Business Tax – BT) to a value-added tax across many industries and service types, including transportation services and logistics-related services.

Such a geographical extension represents a continuation of the pilot business tax/value added tax reform, launched on 1st January 2012 in Shanghai and which was later rolled out to eight other cities/provinces during 2012. The nationwide rollout has been anticipated because of the distortion in competition created by the pilot program in certain areas. This decision has been formally endorsed through Tax Circular Caishui No. 37 which was issued by the People’s Republic of China’s Ministry of Finance and the State Administration of Taxation in May 2013.