Skip to content
Search
AI Powered
Latest Stories

ACS Responds to Post Covid Tax Inquiry

ACS (the Association of Convenience Stores) has responded to the House of Commons Treasury Select Committee on the implications of coronavirus on tax policy.

The House of Commons Treasury Select Committee launched an inquiry calling for views on whether the Government’s economic response to the pandemic should be reflected in changes to taxation.


In the submission, ACS reiterated calls for the business rates system to incentivise investment by introducing a Growth Accelerator Relief scheme - delaying increases in rates bills for property improvements.

The need for the 2020/21 business rates holiday to be removed through a tapered approach until the next revaluation to prevent hitting retailers with spikes in business costs was also highlighted.

ACS chief executive James Lowman said: “Local shops have been working tirelessly to ensure that they can continue to feed their communities safely and effectively throughout the pandemic, with many shops acting as a lifeline for their communities, particularly those who are more vulnerable or isolated.

“Convenience stores pay and collect a total of £8.9bn a year in taxes, and it is vital that the tax system is fair to these businesses.

“This inquiry is also an opportunity to think about how tax policy can incentivise investment and sustainable growth, specifically through changes to the business rates system.”

ACS’ full submission is available here.

More for you

Post Office cash deposits and withdrawals
Post Office, DPD partners to rollout ‘Click and Collect’ services
Post Office, DPD partners to rollout ‘Click and Collect’ services

Parliament to launch inquiry into Post Office Horizon scandal compensation delays

Parliament is to launch an inquiry into delays in compensation settlements for sub postmasters affected by the Horizon scandal.

The newly-formed Business and Trade Select Committee will call ministers, subpostmasters and their lawyers to give evidence next week with a second session to follow in mid-November. The Committee’s chair, Liam Byrne MP told ITV News that there was “definitely a delay” in people coming forward for payment.

Keep ReadingShow less
Bacup Wine and Convenience shop, 34 Burnley Road, Bacup.

Bacup Wine and Convenience shop, 34 Burnley Road, Bacup.

Robbie MacDonald via LDRS

Shop’s licence bid rejected over illegal vapes and ‘no regard’ for children’s safety

A Rossendale shop has had a licence bid rejected after repeatedly selling vapes to children and having illegal products on its premises.

Management at the Ibra Superstore at 34 Burnley Road, Bacup, have shown ‘no regard’ for children’s protection and safety, and have insufficient controls for licensing, Rossendale councillors have ruled.

Keep ReadingShow less
SPAR retailer hits target to secure £100,000 free stock from James Hall

SPAR retailer hits target to secure £100,000 free stock from James Hall

SPAR North of England retailer Dara Singh Randhawa’s family store has been awarded £100,000 of free stock after hitting all his targets since moving to the symbol.

Dara and his family, who have their SPAR store in Patrington in the East Riding of Yorkshire, joined SPAR through its association with James Hall & Co. Ltd in August 2023 having taken the decision to maximise the store’s potential.

Keep ReadingShow less
Pound Sterling bank notes
iStock

National Living Wage to increase to £12.21 in April 2025

The government has on Wednesday announced its acceptance of the Low Pay Commission’s (LPC) recommendations on the rates of the National Minimum Wage (NMW), including the National Living Wage (NLW).

The rates which will apply from 1 April 2025 are as follows:

Keep ReadingShow less
Michael Fletcher

Michael Fletcher

Former Nisa chief Michael Fletcher appointed SPAR UK managing director

SPAR UK has announced the appointment of Michael Fletcher as its new managing director.

Fletcher spent 22 years at Tesco plc, where he held numerous senior commercial roles in the UK, Ireland and Asia. He joined Co-op Retail in 2013 where he held the position of chief commercial officer before moving on to become CEO of Nisa Wholesale, a role he held until 2022.

Keep ReadingShow less