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UK business rates review may tax streaming services and online goods
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Streaming services, such as Netflix and Spotify, online newspapers, ebooks and items reserved online but picked up in stores could be subject to a new online sales tax if ministers give it the green light.
In a long-anticipated final report on a review of business rates the Treasury said it would shortly launch a consultation on a new tax for online goods and services which was expected to conclude next year.
Should an online sales tax be pursued, the report said “design choices” would need to be made on what should be taxable, including digital products, sales agreed via email or instant message, and essentials such as most foods, medicines and children’s clothes, which currently do not attract VAT.
But the consultation added that it was
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