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Reduce the VAT rate for actual stores so they can compete with tax-avoiding online retailers.

Submitted on Sunday 2nd February 2014

Published on Friday 7th February 2014

Current status: Closed

Closed: Saturday 7th February 2015

Signatures: 4

Tagged with

Economy ~ supply chains ~ Tax ~ UK ~ UK economy

Petition Action

Reduce the VAT rate for actual stores so they can compete with tax-avoiding online retailers.

Additional Information

It's hardly news that retail is one of the key pillars of the UK economy; we're seeing our stores close, staff made redundant and high streets empty.

Why?
Put simply, they can't compete with the likes of Amazon. That's because it's far easier for an online entity to avoid tax, quite often by elaborate tax avoidance measures or offshore tax havens.
Physical stores don't just employ the staff you see in the store, but supply chains, commercial teams, merchandising teams, marketing teams and facilities teams to name but a few.

One small store could have hundreds of jobs indirectly linked to it, ranging from couriers to electricians.

By reducing the VAT rate to 15% only for physical stores, it would increase sales at such stores, increase employment, increase corporation tax contributions as well as PAYE contributions.


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