Supermarkets set for almost £550m tax reduction from this year
No Comments
UK supermarkets and grocers are set to benefit from a tax cut of around £550 million over the next three years, according to new analysis.
The move comes as over…
Read MoreBusiness Rates
Autumn Statement: Gov’t launches £14bn business rates support scheme
The UK government has announced a £13.6 billion scheme, offering support on business rates in a bid to help with “prices rising and growing uncertainty”.
Speaking at the House of…
Read More
M&S boss joins Tesco and Sainsbury’s call for business rates freeze
M&S boss Stuart Machin is the latest to add his voice to the wider call for a freeze on business rates, describing them as “daylight robbery”.
Machin’s statement comes in…
Read More
ACS calls for centrally funded relief for business rates
The Association of Convenience Stores (ACS) has submitted recommendations to the Department for Levelling Up, Housing and Communities outlining the importance of transitional arrangements in advance of the business rates…
Read More
Asda to reject online sales tax
Big 4 grocer Asda is understood to have urged the government that introducing an online sales tax (OST) will only harm retailers as shoppers are already struggling to cope with…
Read More
ACS backs online sales tax in government advice
The Association of Convenience Stores (ACS) has submitted evidence to the government’s consultation on the development of an online sales tax.
The ACS has urged the government to reduce business…
Read More
Supermarket giants team up to demand business rates cut
Supermarket giants including Tesco, Sainsbury’s and Morrisons have formed a new coalition to petition the government for a permanent business rates cut funded by the introduction of a new online…
Read More
Booths pays out £126k dividend despite rates relief
Booths paid a £126,000 dividend to its owners last year after keeping hold of its business rates relief and returning to profit.
The supermarket, often dubbed the “Waitrose of the…
Read More
High street visits up 138% since last year
High streets have “led the charge” of festive shopping as customers return to physical stores, with footfall rising 6.2 per cent in a week.
However, this is thought to be…
Read More
Industry bodies call on Kate Forbes to offer retailers business rate discounts
Thirteen organisations, including trade unions and business representative groups, are urging the Finance Secretary to introduce a business rates discount for all retail premises for the coming financial year as…
Read MoreLatest Feature
When new Unilever boss Hein Schumacher unveiled its full-year results earlier this year, his words were stark: “Our competit...