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Nearly 90% of bike thefts unresolved in last three years

8 Sep 2022

An investigation by the Daily Telegraph has found that, in the almost 24,000 neighbourhoods where there has been at least one bike theft since June 2019, 87 of cases have been closed without a... Read more…

It’s Cycle September

5 Sep 2022

There’s still time for bike shops to urge their customers to get involved with Cycle September, the world’s biggest group ride.
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How to cycle safely in cities

5 Sep 2022

With more people heading back into cities and offices after the pandemic, the topic of road safety has never been more important. Especially for cyclists, it’s vital to be aware of the... Read more…

GPs to prescribe cycling to help improve mental & physical health

24 Aug 2022

The Department for Transport has announced a £12.7m trial to begin later this year, in which GPs in England will be able to prescribe walking or cycling as a way of improving mental and... Read more…

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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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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