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A consultation will explore the proposal for an online sales tax as a means to rebalance the taxation of the retail sector between online and in-store retail.
The Treasury does not see the proposal as a measure to discourage consumers from shopping online. It would rather raise revenue from the increasing volume of online retail in the UK with that revenue used to fund a reduction in business rates for retail properties.
The government has confirmed it is not committed to proceed with such a tax but it is interested in various practical considerations such as:
- The goods and services that would be subject to the tax.
- How to define an online sale and whether this should extend to ‘remote’ sales made by phone or post.
- How to distinguish between a reservation and a completed transaction for the purposes of an online sales tax.
- Possible exemptions ...
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