The Chartered Institute of Taxation (CIOT) has challenged the case for introducing an online sales tax to fund new Business Rates reliefs. The Government itself suspects that these reliefs will lead to higher commercial rents, so benefiting landlords rather than retailers. In any event, it is disproportionate to introduce a whole new tax as a way of dealing with issues with an existing one.
Source: tax.org.uk
Latest Posts in "United Kingdom"
- Fiscal Solutions – Great News – The United Kingdom is now part of our Fiscal Portal!
- Post-Brexit VAT: Why the EU Accepts Imperfect Export Proof but the UK Demands Perfection
- VAT Input Tax Denial Under Kittel Principle – Appeals Allowed Against HMRC
- SK Metals Ltd v HMRC: VAT Input Tax Deductibility and MTIC Fraud Knowledge
- UK Chancellor Considers VAT Rate Adjustments and Threshold Changes in Upcoming Budget