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Going to the Cycle Show? Learn technical tips with seminars presented by Cytech experts - stand G531

24 Feb 2022

Cytech are attending the Cycle Show and will be demonstrating key practices in bike maintenance that are useful for both the trade and... Read more…

Latest #BikeIsBest campaign launched: When more people cycle, everyone wins

18 Oct 2021

#BikeIsBest,the cycle industry campaign supported by leading brands, retailers, organisations and cycling advocacy groups, has launched its latest campaign: When more people cycle,... Read more…

Retailers could face prosecution for selling electric scooters without disclaimers

21 Sep 2021

Selling electric scooters without clear warnings is breaking the law, according to minister
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National Insurance to increase through a health and social care levy

14 Sep 2021

From 1st April 2022, employer NICs will increase by 1.25 percentage points. Employee NICs will also increase by 1.25 percentage points, including for workers above state pension age
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Latest #BikeIsBest film shows exciting opportunities for the industry

6 Oct 2020

Watch the latest #BikeIsBest film to see the headline figures on the campaign's reach and success.
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Buy Now Pay Later providers cause concern across UK as debt rises

6 Aug 2020

Increased scrutiny is being placed upon the UK's growing use of Buy Now Pay Later services
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Indie Retail to Launch New Monthly Newsletter

29 Jan 2020

On Friday 31st January Indie Retail will be launching a monthly newsletter to be sent out to subscribing independent shops.
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How did you celebrate #NationalFitnessDay?

25 Sep 2019

National Fitness Day sees thousands of events taking place across the UK bringing together people of all ages and backgrounds and encouraging them to try new activities!
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London goes traffic-free this Sunday

18 Sep 2019

London continues to test the waters with traffic-free street by taking part in World Car Free Day
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Win big with Cycle September

14 Aug 2019

With less than three weeks to go until Cycle September, Love to Ride have announced a few things to get you motivated!  
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Chancellor considering "Amazon tax" for online retailers

Posted on in Business News, Cycles News, Creative News, Outdoor News

Philip Hammond has said he will consider tax changes hitting online businesses to ensure there is a more level playing field for high street retailers.

The so-called "Amazon tax" for online retailers comes as high street stores demand a fairer system.

Hammond said "More and more of us are buying online. Indeed, Britain has the biggest percentage of online shopping of any major developed economy. That means the high street will change.

"We're very clear that you have to support the high street through that process of change.

"The nature of the offer on the high street is going to change over time. There's going to be less retail, more leisure, bars, and community facilities."

He continued "We want to make sure that the high street remains resilient and that we also make sure that taxation is fair between businesses doing business the traditional way and those doing business online."

He explained that a change in the system "requires us to renegotiate international tax treaties because many of the big online businesses are international companies."

Mr Hammond added: "The European Union has been talking about a tax on online platform businesses based on the value generated.

"That's certainly something we'd be prepared to consider."

Several high profile retail chiefs have called publicly for a level playing field between bricks-and-mortar firms and online giants such as Amazon in terms of tax.

They have pinpointed business rates as their biggest bugbear, labelling the tax archaic and not fit for purpose in the light of online competition.

Amazon pays a minuscule amount in business rates despite its sales dwarfing those of high street retailers with similar property bills.

 

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