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Online sales tax would "kneecap" small retailers, startups warn

City AM
02 March 2021

The introduction of a new online sales tax would “kneecap” retailers and have a disproportionate impact on smaller businesses, UK startups have warned.

In his Budget tomorrow, chancellor Rishi Sunak is expected to launch a consultation on new levies targeting online retailers such as Amazon and Asos that have seen their profits soar during the pandemic.

But British startups have warned the tax would unfairly penalise retailers and traders who have shifted online to adapt to coronavirus lockdowns.

Read the full story on City AM.

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