Extracts from Parliamentary proceedings - Dec 8
Wednesday, 9 December 2020 08:31
Extract from Commons debate on Taxation (Post-transition
Period)(Ways and Means) Kevin Hollinrake (Thirsk and Malton)
(Con)...My point about a fair and level playing field is about the
fact that many of our small businesses in the UK compete with
online platforms—online marketplaces, as they are called—such as
Amazon and eBay. How can it be right that for so long many of those
small businesses have been competing at a 20% disadvantage? Many
retailers selling into the UK are not paying...Request free trial
Extract from Commons
debate on Taxation (Post-transition Period)(Ways and
Means)
(Thirsk and Malton) (Con)...My point
about a fair and level playing field is about the fact that many of
our small businesses in the UK compete with online platforms—online
marketplaces, as they are called—such as Amazon and eBay. How can it be
right that for so long many of those small businesses have been
competing at a 20% disadvantage? Many retailers selling into the UK
are not paying VAT on those sales. I am pleased that the Government
have acted on this and closed the loophole. They have closed a
number of loopholes in recent years through measures such as the
digital services tax and the diverted profits tax. This creates the
fairer and more level playing field for the rest that I very much
welcome. There is one more loophole that we could close, not in
this legislation, but in the Financial Services Bill, which is
going through Parliament at the same time...
To read the whole debate, CLICK
HERE
Extract from Lords motion
to consider the Prohibition on Quantitative Restrictions (EU Exit)
Regulations 2020
(Non-Afl) [V]:...In that regard, will
the Minister spell out the nature and the number of meetings and
discussions with the devolved Administrations in Scotland and
Wales? Can he advise what preparations have been made and what
further support funding will be provided for businesses? They have
probably been ravaged this year by Covid and because of the
uncertainty as we advance towards the end of the transition period.
They need help, because many of them are competing with
Amazon and the online businesses
of the UK...
To read the full debate, CLICK
HERE
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