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UK considers 1% Online Sales Tax (OST) for e-commerce

UK Treasury launched review on turnover tax on e-commerce goods and services.
The open consultation has been launched on 25 February and is open until 20 May 2022.
Taxing e-commerce is aimed to rebalance the taxation of the retail sector between online and in-store retail and to subsidize high-street retailers’ rates bill.

Source Grant Thornton

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