BRC to examine changing retail landscape and tax regime
The British Retail Consortium has announced that it is to undertake a programme of work which looks at how business taxes operate in the rapidly changing retail sector.
BRC director general Helen Dickinson said: “The British Retail Consortium is looking at the relationship between the fast-developing retail landscape and the tax regime – now and for the future. The reality is that retail is a people and property intensive sector and, while the reduction in headline Corporation Tax is valuable, other taxes on both people and property have continued to rise.
“This is an ongoing discussion and it’s important to consider carefully how the tax system can best meet the interests of consumers, economic growth, stability and the retail sector as a whole over the longer term.”
