A coalition calling for business rates reform says Mayor candidate Sadiq Khan’s Labour counterpart, Andy Burnham, should “go further” to change how business rates are funded. Sources describe the group behind the proposal as the Real Rates Reform Alliance. The coalition argues that taxing online sales at a rate of 2% would generate revenue to support significant reductions in business rates for traditional retail premises. Under the plan outlined by the coalition, the 2% levy on all online sales is designed to enable a 37% cut in business rates for “bricks and mortar” firms. The proposal is presented as a way to reduce the competitive disadvantage faced by physical stores relative to e-commerce providers, and to rebalance the funding of local business rates. While the coalition’s specific policy mechanism and intended rate reductions are consistently reported across outlets, the articles do not provide additional detail on implementation, coverage beyond “all online sales,” or how the revenue would be allocated beyond enabling the stated business rates cut.
Coalition backs Burnham’s business rates reform proposal for online sales tax
A coalition calling for business rates reform says Mayor candidate Sadiq Khan’s Labour counterpart, Andy Burnham, should “go further” to change how business rates are funded. Sources describe the grou...
- The Real Rates Reform Alliance backs business rates reform and urges Burnham to “go further.”
- The proposal includes a 2% tax on all online sales.
- The coalition says the 2% online sales tax would fund a 37% cut in business rates for bricks and mortar businesses.
- The aim is to change how business rates are paid relative to e-commerce and physical retail.
The new Real Rates Reform Alliance wants all online sales taxed at 2% to allow a 37% cut in business rates for bricks and mortar firms.
3 hours agoThe new Real Rates Reform Alliance wants all online sales taxed at 2% to allow a 37% cut in business rates for bricks and mortar firms.
3 hours ago
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