Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Tesco Chief Executive Lewis Calls For Online Sales Levy

Tesco's chief executive, Dave Lewis, has called for the introduction of an online sales levy that could help reduce business rates and level the "tax playing field between physical retailers and their online competitors".

In a speech to the British Chambers of Commerce Annual Conference, Lewis suggested that a 2% levy could raise £1.5 billion (€1.76 billion), which, in turn, could lead to a business rate cut of 20%.

Such a levy would be compatible with UK and European Union law and revenue neutral to the Treasury, "incentivising investment and creating a more sustainable and growing tax base in retail."

PLEASE SUBSCRIBE OR SIGN IN TO CONTINUE READING

30 Day Free Trial

Try European Supermarket Magazine Premium

Enjoy full access to European Supermarket Magazine, our weekly
email news digest, access to all website and app content, and the latest digital
magazine for a full 30 days.

  • - Payment details required during trial sign up.
  • - You may cancel at any time up to the end of the 30-day trial period.
  • - If you continue after the trial perion, then the annual rate of €109+VAT will be debited.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days