Real Rates Reform Alliance

“The new group, which represents 2,800 companies and includes UK Hospitality, the Institute of Directors, the British Independent Retailers Association”

“taxes all online sales at two per cent”

“A new two per cent tax for online sellers would allow for a 37 per cent tax cut for bricks and mortar firms, the groups claim.”

“The alliance claims this proposal would raise slightly more than the £34bn currently contributed to the Treasury through business rates.”

“The Real Rates Reform Alliance, which is due to launch on Tuesday, said the proposed levy would generate enough revenue to reduce business rates for physical shops by 37 per cent.”

“According to the alliance, the reforms would generate slightly more than the £34billion currently raised through business rates each year.”

“The coalition includes UKHospitality, the Institute of Directors, the Association of Town and City Management, the Music Venue Trust and the British Independent Retailers Association. Together, the o…”

“Its analysis found digital businesses contribute around nine per cent of total business rates despite accounting for about one-fifth of economic activity.”

“By comparison, the retail and hospitality sectors pay 34 per cent of business rates while representing around nine per cent of the UK economy.”