HMRC has published a summary of responses received to its online sales tax (OST) consultation confirming that the proposals will not be taken forward. Considering the concerns raised and the absence of credible solutions to the challenges identified in the consultation, the UK government announced at Autumn Statement 2022 that it would not proceed with an OST. It concluded that the tax would be complex to design and its introduction would risk creating unintended distortion or unfair outcomes between different business models.
At Autumn Statement 2022, the government confirmed it would instead go ahead with the 2023 business rates revaluation and committed to delivering reforms which had been announced at the conclusion of the Business Rates Review in 2021.
HMRC has published a summary of responses received to its online sales tax (OST) consultation confirming that the proposals will not be taken forward. Considering the concerns raised and the absence of credible solutions to the challenges identified in the consultation, the UK government announced at Autumn Statement 2022 that it would not proceed with an OST. It concluded that the tax would be complex to design and its introduction would risk creating unintended distortion or unfair outcomes between different business models.
At Autumn Statement 2022, the government confirmed it would instead go ahead with the 2023 business rates revaluation and committed to delivering reforms which had been announced at the conclusion of the Business Rates Review in 2021.
