Taxation
This coverage examines taxation policies, proposals, and changes affecting the UK retail sector. Reporting highlights business rates, corporate tax developments, VAT issues, and government initiatives with implications for retail operations and profitability. Designed for retail executives, finance managers, and decision-makers, the content provides insight into how taxation trends influence cost structures, compliance obligations, and strategic planning.
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Feb- 2024 -23 FebruaryEconomy
Consumer confidence falls in February
UK consumer confidence dropped two points in February to -21, according to GfK’s long-running index. The survey revealed that four measures were down and one was unchanged in comparison to last month’s announcement. The index measuring changes in personal finances during the last year was down two points at -14.…
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2 FebruaryFeatures
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 is a comprehensive report covering upcoming compliance issues and challenges from around the world — below is an overview of those most important to e-commerce sellers operating across borders. E-invoicing…
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Dec- 2023 -29 DecemberAdvice
Navigating Global Markets: A Retailer’s Guide to International Expansion and Localisation
In the ever-evolving landscape of retail, international expansion presents a promising avenue for growth and increased market reach. However, venturing into global markets requires careful planning and a keen understanding of cultural nuances. Localisation, the process of adapting products and strategies to suit specific markets, becomes crucial for success. Here’s…
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Oct- 2023 -17 OctoberAdvice
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 UK tax system is complex, with various regulations governing sales tax, income tax, and other related obligations. In this feature, we will provide a comprehensive guide for retailers on how…
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Sep- 2023 -19 SeptemberClothing & Shoes
Quiz revenues drop 15% in Q1 as demand cools
Quiz has revealed that like-for-like revenues in the first quarter were 15% lower than the comparable period the previous year as demand fell over the period. The fashion brand attributed this decline to a 12% decrease in its UK stores and concessions revenues, which reflects the decline in traffic in…
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11 SeptemberHigh Street
John Lewis boss calls for review into town centres amid looting fears
The boss of John Lewis has warned that high streets could become a “looting ground” for criminals if change is not implemented, calling for a royal commission review into dying town centres. Dame Sharon White has warned that years of shop closures have led to a rise in shoplifting and…
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Apr- 2023 -14 AprilClothing & Shoes
Superdry lowers guidance as sales fall ‘below expectations’
Superdry has lowered its FY23 guidance to £615m-£635m after sales in February and March were “below expectations”. The company stated that while sales were showing significant year-on-year growth they were not what the company expected. It has put this down to a number of external factors like the cost-of-living crisis…
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Jul- 2022 -22 JulyEconomy
Consumer confidence remains at historic low in July
UK consumer confidence remained at a historic low of -41 in July, according to GfK’s long-running Consumer Confidence Index. GfK found that two measures were up, one was down and two were the same in comparison to the 24 June announcement. The index measuring changes in personal finances over the…
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20 JulyOnline & Digital
Amazon UK pays £648m in tax as revenues surpass £23bn
Amazon UK has revealed it paid £648m in directly incurred taxes last year as its revenues surpassed £23bn. As part of an update of its economic impact on the UK economy in 2021, Amazon also revealed that this figure has increased by almost a third in the past year from…
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Oct- 2021 -26 OctoberNews
BPF calls for intervention to bring forward £8.5bn high street boost
The British Property Federation (BPF) has called for “immediate intervention” to bring forward an £8.5bn boost for UK high streets if the fundamental reform of business rates is delayed. It revealed that analysis from property advisor Avison Young shows that as a result of the next revaluation the total annual…
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