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Rishi Sunak considers online sales tax in bid to save high street

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    #11
    actually assuming no deal they have fixed the biggest problem IMHO.

    HMRC impact assessment for the VAT treatment of low value parcels - GOV.UK

    This impact note sets out the impact of changes made by the Value Added Tax (Postal Packets and Amendment) (EU Exit) Regulations 2018, laid before Parliament on 18 December 2018. The Regulations make an overseas supplier who sends parcels containing goods valued at £135 or less to the UK responsible for paying any import VAT that is due on the goods. It also removes Low Value Consignment Relief (LVCR) which relieves import VAT on commercial imports of goods valued at £15 or less.
    That is going to really hurt Amazon etc.
    Always forgive your enemies; nothing annoys them so much.

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      #12
      So 2% will only raise 2 bln - nowhere near enough to make big cut in business rates - which are over 20 bln.

      Makes sense only if it’s extra tax “sold” as “levelling then playing field”

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        #13
        how about taxing the big corp and not allowing the to shift profits?

        I'd still use online for the extended return policy.

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          #14
          FFS. Will goverments stop making change to tax things I keep taking up so I can avoid paying taxes. Chunts!
          What happens in General, stays in General.
          You know what they say about assumptions!

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            #15
            British retailers issue warning over potential online sales tax | Business | The Guardian

            "An online sales tax would push up prices for consumers, the British retail industry lobby group has warned, after it emerged that Rishi Sunak is exploring plans for a levy to protect high street shops from mounting competition."

            Creating new taxes in order to "help" companies that suffer from different very high tax
            Last edited by AtW; 27 July 2020, 20:28.

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              #16
              Originally posted by AtW View Post
              British retailers issue warning over potential online sales tax | Business | The Guardian

              "An online sales tax would push up prices for consumers, the British retail industry lobby group has warned, after it emerged that Rishi Sunak is exploring plans for a levy to protect high street shops from mounting competition."

              Creating new taxes in order to "help" companies that suffer from different very high tax
              They are trying to invent ways of getting Amazon and Micheal Green.
              "You’re just a bad memory who doesn’t know when to go away" JR

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                #17
                Originally posted by SueEllen View Post
                They are trying to invent ways of getting Amazon and Micheal Green.
                You really think that?

                They can't even get Mr Green, nevermind Amazon - any taxes, especially stuff like sales tax will be passed 100% to the buyers - us.

                What pisses me off is that those muppets will create totally new tax with new red tape increasing costs on businesses instead of (say) just increasing VAT on online sales, then at least it's different rate vs completely new tax - naturally they "promised" not to increase VAT, so it "can't be done", or more likely they will want to take sales tax regardless if business that buys online is VAT registered or not.

                So, imagine 2% extra tax on £ 1 mln quid hardware

                2% will raise only 2 bln anyway, to reduce business rate dramatically (say 50%), they'd need to get 10 bln, so 10% online tax - a non-starter surely.
                Last edited by AtW; 27 July 2020, 21:43.

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                  #18
                  Originally posted by AtW View Post
                  You really think that?

                  They can't even get Mr Green, nevermind Amazon - any taxes, especially stuff like sales tax will be passed 100% to the buyers - us.

                  What pisses me off is that those muppets will create totally new tax with new red tape increasing costs on businesses instead of (say) just increasing VAT on online sales, then at least it's different rate vs completely new tax - naturally they "promised" not to increase VAT, so it "can't be done", or more likely they will want to take sales tax regardless if business that buys online is VAT registered or not.

                  So, imagine 2% extra tax on £ 1 mln quid hardware

                  2% will raise only 2 bln anyway, to reduce business rate dramatically (say 50%), they'd need to get 10 bln, so 10% online tax - a non-starter surely.
                  This wasn't about replacing business rates, as I understood it. The online sales tax was envisaged as a new source of revenue, sold under the pretense of helping the d00med highstreet. To reform business rates, they were mooting a land value tax paid by the owners of land/buildings (and passed back to those paying business rates, duh).

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                    #19
                    Originally posted by jamesbrown View Post
                    This wasn't about replacing business rates, as I understood it. The online sales tax was envisaged as a new source of revenue, sold under the pretense of helping the d00med highstreet. To reform business rates, they were mooting a land value tax paid by the owners of land/buildings (and passed back to those paying business rates, duh).
                    Yup, it's all a Con - very obvious one too.

                    How would they collect 2% from imports? There is a working system for VAT, so 3rd countries would have to do totally new one called "Sales Tax".

                    Fecking moronic exercise only to get 2 bln.

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                      #20
                      This is so dumb.

                      So they think if a product online becomes more expensive, people will leave home and go to their high street to buy it instead.

                      How much expensive it must be for someone to trade the comfort of their own home into standing in a queue for ages and then talking to useless staff and then carrying the product home hoping it is all working, because returning it will be a repeat of that.

                      What about people who are disabled and who rely on online shops. Do they need to carry the burden as well?

                      If there was a way to make high street shops viable... hmm... what could it be...? hmm...

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