What an online sales tax means for digital retailers
Editor | 3 August 2020
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Rishi Sunak is reportedly weighing up a new tax on goods sold over the internet as the Chancellor considers options to save the high street post-lockdown. But what would this mean for online sellers?

The plans could include a 2% levy on all online sales, which would raise £2bn per year for the exchequer, or an additional charge on deliveries.

The online sales tax is being considered as part of broader plans to support ‘bricks and mortar’ retailers in the aftermath of the coronavirus pandemic, particularly on business rates.

Calls for tax reform ahead of Autumn Statement

With less than a month to go before the new Chancellor Phillip Hammond makes his first Autumn Statement, there is growing pressure on him to really get to grips with the tax system and make some radical changes to reinvigorate the post-Brexit economy.

One of the most recent calls for tax reform came from Sage, the business services company that made the popular Sage One cloud accountancy software.