Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate his Department has made of the average tax paid by (a) high street and (b) internet-based retailers; and what steps his Department is taking to establish a more level tax playing field for the retail industry.
This year the Government has provided an unprecedented business rates holiday for eligible retail, hospitality and leisure properties due to the direct adverse effects of COVID-19, worth around £10 billion, and has frozen the business rates multiplier for 2021-22.
The Chancellor keeps the impacts of tax policy on different types of businesses, including high street and internet based retailers, under consideration. The fundamental review of business rates will consider all parts of the business rates system, as well as alternative taxes such as an Online Sales Tax.