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, Apple and Starbucks, which “artificially shift” profits out of the country, would be taxed 25% of their profits from economic activity in the UK from April 1st 2015. Continue reading at 'The Bookseller'
[ The Bookseller | 2014-12-04 00:00:00 UTC ]
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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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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HMV plans to close three stores by the end of the month as the retailer enters negotiations with landlords in 10 locations as "extortionate business rates mean that certain locations are no longer viable". Continue reading at The Bookseller
[ The Bookseller | 2020-01-05 15:27:06 UTC ]
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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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The Scottish Parliament is considering plans to give local authorities more control over business rates, sparking "extreme concern" from the Booksellers Association. Continue reading at The Bookseller
[ The Bookseller | 2019-12-16 03:18:34 UTC ]
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The Treasury Committee has launched an inquiry into business rates, with the Booksellers Association calling for a "root and branch reform" of the business rates system to stop giving digital retailers an "unfair" advantage. Continue reading at The Bookseller
[ The Bookseller | 2019-02-09 00:00:00 UTC ]
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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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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... Continue reading at The Bookseller
[ The Bookseller | 2018-10-30 00:00:00 UTC ]
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Amazon pays only £38m a year in business rates in England and Wales, a Daily Mail investigation has found, while enjoying soaring turnover. Continue reading at The Bookseller
[ The Bookseller | 2018-08-07 00:00:00 UTC ]
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The Booksellers Association is to urge the government to grant bookshops a discount on their business rates, arguing that they are cultural entities which provide "huge benefits" to their communities. Continue reading at The Bookseller
[ The Bookseller | 2017-12-23 00:00:00 UTC ]
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Chancellor Philip Hammond has announced that business rates will follow the Consumer Price Index (CPI) two years earlier than planned, providing some welcome relief to bookshops. Continue reading at The Bookseller
[ The Bookseller | 2017-11-23 00:00:00 UTC ]
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The Treasury has hit back at so-called "scaremongering" reports, reassuring businesses that the vast majority will see no change to their business rate bills in April. Continue reading at The Bookseller
[ The Bookseller | 2017-02-17 00:00:00 UTC ]
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Retailers are disappointed that business rates were not addressed in the Autumn Statement, while others in the trade were underwhelmed by what it contained. Continue reading at The Bookseller
[ The Bookseller | 2016-11-25 00:00:00 UTC ]
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The BA's Giles Clifton says that the government's reforms to business rates have been welcomed, but they still present "a real threat" to booksellers. Continue reading at The Bookseller
[ The Bookseller | 2016-11-15 00:00:00 UTC ]
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Waterstones has a “major hurdle” to jump in April, when the introduction of the UK government’s “unjust” business rates re-evaluation will leave the company with a £2m-a-year shortfall, which could jeopardise the retailer’s recent return to profitability. Continue reading at The Bookseller
[ The Bookseller | 2016-11-14 00:00:00 UTC ]
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The Arts Council will have its funding protected under the Spending Review, while business rates will be devolved to local councils. Continue reading at The Bookseller
[ The Bookseller | 2015-11-26 00:00:00 UTC ]
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High streets will be revitalised once local councils are allowed to keep the £26bn raised from business rates, the Chancellor George Osborne has said. Continue reading at The Bookseller
[ The Bookseller | 2015-10-06 00:00:00 UTC ]
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The Booksellers Association has called for the scrapping of business rates altogether for small businesses in a meeting in the House of Commons. Tim Godfray, c.e.o of The Booksellers Association, said in a speech to the all-party parliamentary small shops group that The BA and the British... Continue reading at The Bookseller
[ The Bookseller | 2014-12-20 00:00:00 UTC ]
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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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