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Stuart Machin
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Business
business · City PM
M&S’s chief executive Stuart Machin reported that the retailer was hit by £150 million in extra taxes in the year to March, including a £14 million Extended Producer Responsibility (EPR) levy on non-renewable packaging that caused a 'massive dent' in the profitability of its food arm.
“Stuart Machin, M&S’ chief executive, told shareholders on Tuesday that the retailer was hit by £150m in extra taxes this year. This included the Extended Producer Responsibility (EPR) levy on non-ren…”
150000000 GBP
14000000 GBP
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