Chancellor confirms cut to business rates, schedules 'Amazon tax' for 2020

The Chancellor Philip Hammond has confirmed a tax cut to business rates of one third for all retailers in England with a rateable value of £51,000 or less. The measure will last for the next two years, until the next re-evaluation of rateable values in 2021. Hammond told the House of Commons during the delivery of this afternoon's Budget: "For the next two years all retailers in England with rateable value of £51,000 or less, I will cut their business rates by by one third, up to £8,000 for up to 90% of all independent shops, pubs, restaurants and cafes." Continue reading at 'The Bookseller'

[ The Bookseller | 2018-10-30 00:00:00 UTC ]
News tagged with: #business rates #amazon tax #independent shops

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Sunak 'considering online sales tax and replacement for business rates'

Rishi Sunak is said to be exploring plans for an online sales tax to protect high street shops from competition from internet retailers, and plans to replace business rates.  Continue reading at The Bookseller

[ The Bookseller | 2020-07-27 12:15:40 UTC ]
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Johnson to pledge to cut business rates in bid to revive high street

The government will announce cuts to business rates in the Queen’s Speech today (19th December) in a bid to revive the high street. Continue reading at The Bookseller

[ The Bookseller | 2019-12-19 04:26:38 UTC ]
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BA says Amazon ‘gaming system’ as £63m business rates bill revealed

The Bookseller's Assocation has warned Amazon is "gaming the system" and branded the business rates regime "unfair" yet again after it emerged the online retail giant paid £63m in business rates despite recording £8bn in UK sales. Continue reading at The Bookseller

[ The Bookseller | 2019-01-10 00:00:00 UTC ]
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Chancellor's business rate gesture is 'plaster on a gunshot wound'

The Chancellor’s decision to bring business rates revaluations forward by a year is akin to “putting a plaster on a gunshot wound”, according to retail expert John Webber. Continue reading at The Bookseller

[ The Bookseller | 2018-03-14 00:00:00 UTC ]
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Chancellor 'poised to reduce planned business rate rise'

Chancellor Philip Hammond could be set to scrap plans to raise business rates by 3.9% next April. Continue reading at The Bookseller

[ The Bookseller | 2017-11-07 00:00:00 UTC ]
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Chancellor 'to promise business rates review'

George Osborne is to pledge to overhaul business rates in a review in his Autumn Statement later today (3rd December). The Chancellor is expected to announce a review of business rates in the pre-budget statement in the House of Commons at 12.30pm, although it won’t be completed until early 2016. Continue reading at The Bookseller

[ The Bookseller | 2014-12-04 00:00:00 UTC ]
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Trade welcomes Chancellor's tax and rates measures

Booksellers have welcomed the news that business rates will be reviewed and a 25% tax will be imposed on multinationals' profits from UK economic activity. In the Autumn Statement yesterday (3rd December) the Chancellor George Osborne revealed that multinational companies like Amazon, Google,... Continue reading at The Bookseller

[ The Bookseller | 2014-12-04 00:00:00 UTC ]
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Condé Nast Cuts Deal With Amazon To Turn Magazine Subscriptions Into An All–Access Business

Condé Nast has struck a deal with Amazon that will give the Vogue, Vanity Fair, and New Yorker publisher access to 200 million potential new subscribers who are already spending money shopping on Amazon, according to a Reuters exclusive. The deal, the first of its kind, will allow Condé Nast to... Continue reading at Fast Company

[ Fast Company | 2013-08-20 00:00:00 UTC ]
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Google tax confirmed while Corporation Tax slashed to 20%

Companies like Amazon and Google which move their profits overseas  will be charged a “diverted profits tax” the Chancellor confirmed this afternoon (18th March). Continue reading at The Bookseller

[ The Bookseller | 2015-03-19 00:00:00 UTC ]
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W H Smith to cut up to 1,500 jobs in restructure after Covid-19 hits business

W H Smith has announced plans for a major restructure which could see around 1,500 roles made redundant across the business. Continue reading at The Bookseller

[ The Bookseller | 2020-08-05 02:02:59 UTC ]
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Frankfurt Book Fair 2020 confirmed to go ahead

After weeks of speculation the Supervisory Board of the Frankfurt Book Fair decided today (Wednesday 27th May) that the fair will take place as scheduled from October 14th to 18th. Continue reading at The Bookseller

[ The Bookseller | 2020-05-27 11:56:53 UTC ]
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2020 Amazon Literary Partnership Grant Recipients Announced

The Amazon Literary Partnership has announced $1 million in grant funding to 66 organizations across the publishing industry. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-05-27 04:00:00 UTC ]
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BA 'concerned' by postponement of business rates revaluation

The Booksellers Association has said it is concerned by the government's decision to postpone its planned business rates revaluation. Continue reading at The Bookseller

[ The Bookseller | 2020-05-07 01:50:55 UTC ]
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Amazon to cut price of its ebooks to reflect removal of VAT

Chancellor drops 20% levy on online news subscriptions and books as industry strugglesAmazon has confirmed it will cut the price of its Kindle ebooks from Friday, after the government announced it would bring forward plans to stop charging VAT on online publications because of the pandemic.The... Continue reading at The Guardian

[ The Guardian | 2020-04-30 18:11:42 UTC ]
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Humane Resources: Business Books 2020

Flexibility and follow-through, new business books say, are key to navigating a world in flux. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-24 04:00:00 UTC ]
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Amazon Crossing Rolls Out Its 2020 Free World Book Day Translations

From Turkey, South Africa, Sweden, China, Germany, Israel, Spain, Brazil, and Argentina, this year's free books from Amazon Crossing arrive amid frontier-defying contagion. The post Amazon Crossing Rolls Out Its 2020 Free World Book Day Translations appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-04-17 03:09:44 UTC ]
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Amazon Cuts Affiliate Commission Fees for Certain Product Categories

Some publishers already reeling from lost revenue as a result of the COVID-19 pandemic are about to take another hit. Amazon says it will soon drastically reduce the commission rates of its affiliate marketing program—the cut of sales it rewards to participating websites that drive customers to... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-15 01:15:20 UTC ]
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Wiley Cuts Financial Forecast for Fiscal 2020

John Wiley & Sons estimated the coronavirus outbreak will drop revenues for the fiscal year ending April 30 by about $50 million from its previous expectations, president and CEO Brian Napack said. Adjusted EBITDA is expected to be $25 million lower than original forecasts. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-09 04:00:00 UTC ]
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Budget set to grant temporary business rates relief for high street

Chancellor Rishi Sunak is expected to announce temporary relief from business rates for high-street shops at his first Budget today. Continue reading at The Bookseller

[ The Bookseller | 2020-03-11 06:20:53 UTC ]
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