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Decision not to proceed with Online Sales Tax

The Chartered Institute of Taxation (CIOT) has welcomed the announcement that the Government will not be going ahead with an Online Sales Tax. However, the news that Chancellor is shelving the online sales tax has caused ripples of disappointment across the retail rector. Bricks-and-mortar retail was left sighing with relief as Jeremy Hunt brought in a business rates relief scheme, a freeze on multipliers and increased support packages.

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