VAT laws should be reformed to create a two-tier system for online and physical retailers in an attempt to save the country’s dying high streets.
As calls grow for an “Amazon tax” on online retailers, one of Britain’s largest property consultancies has argued that an overhaul of the VAT regime would be a more effective way of saving shops.
Colliers International suggests that charging 15% sales tax for purchases in stores and 22.5% VAT for online transactions would help to level the playing field.
