Tax

Amazon UK pays corporation tax for first time since 2020

Amazon’s main UK division has paid corporation tax for the first time since 2020 following the end of a ‘super-deduction’…

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Tourist Tax cost retailers £220m in H1, says NWEC

The loss of tax-free shopping cost West End retailers £220m in unrealised sales in the first half of 2024, according…

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Navigating the tax system: a guide for retailers

Taxes are an inevitable aspect of running a retail business in the UK, shaping financial decisions and operational strategies. Business…

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How can the physical retail sector win its battle to survive?

It is well known that the high street is battling for survival. Insolvency statistics released this month show a 17%…

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Shein UK breaches company law by failing to disclose PSC

Shein’s UK arm has reportedly failed to disclose its ultimate ownership, breaching company law that could disrupt its reported plans…

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Budget will ‘do nothing to turbocharge investment’, says BRC

The British Retail Consortium (BRC) has stated that the latest Budget announcement will “do nothing to turbocharge investment and growth…

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What are the effects of VAT taxes on the tourism industry?

The term “tourism tax” has recently been used to refer to taxes imposed on goods and services supplied to international…

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NWEC calls for return to tax-free shopping as tourist spending gap widens

The New West End Company (NWEC) has called for the return of tax-free shopping as the gap between the number…

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Avalara Tax Changes 2024: Be aware of the upcoming compliance issues

Businesses should be alert to important changes to the tax compliance landscape in the year ahead. Avalara Tax Changes 2024…

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Navigating retail taxation: A comprehensive guide

For retailers in the United Kingdom, understanding and managing retail taxation is paramount to maintaining compliance and financial stability. The…

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