In February, the UK Treasury published a new consultation titled: ‘Online sales tax: assessing an option to help rebalance taxation of the retail sector’. This wide-ranging consultation asks whether the UK should introduce an online sales tax (OST) and, if so, what form it should take?
Why an online sales tax?
The rising popularity of online retail and the decline of the high street have been accelerated by the pandemic. This has led some to argue that traditional retailers carry an unfair cost and tax burden compared to their online competitors.
Source Accountancy age
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