Chancellor says he is tackling ‘bricks v clicks’ imbalance with bigger increase for online operators
Autumn statement: key points at a glanceAutumn statement 2022: all our coverage
The UK’s warehouse sector has criticised a business rates tax rise targeted at online retailers such as Amazon as the chancellor used the levy to “soften the blow” for high street shops.
The government said the measure in Jeremy Hunt’s autumn statement on Thursday was tackling the “bricks v clicks tax imbalance” by raising big warehouse operators’ rates bill by 27%, and rates for retailers by 20%.
Chancellor says he is tackling ‘bricks v clicks’ imbalance with bigger increase for online operatorsAutumn statement: key points at a glanceAutumn statement 2022: all our coverageThe UK’s warehouse sector has criticised a business rates tax rise targeted at online retailers such as Amazon as the chancellor used the levy to “soften the blow” for high street shops.The government said the measure in Jeremy Hunt’s autumn statement on Thursday was tackling the “bricks v clicks tax imbalance” by raising big warehouse operators’ rates bill by 27%, and rates for retailers by 20%. Continue reading…
