Bring ‘punishing’ high street taxes in line with banks, Healey urged

Bring ‘punishing’ high street taxes in line with banks, Healey urged

John Healey has been urged to bring down the “punishing” tax burden facing the retail and hospitality industries, which is higher than any other sector. Hospitality businesses pay 82p in taxes for every pound and retail pays 72p, compared to the 40p paid by banks, according to new analysis by the British Retail Consortium (BRC) [...]

Retail and hospitality face highest effective tax rates, BRC says

BRC analysis warns £62bn tax bill is driving job losses and store closures across both sectors. Read the full story at Retail Sector.

Hospitality Has the Highest Effective Tax Rate of Any Sector in the UK Research Reveals - CLH News: Caterer, Licensee and Hotelier News - News for Pubs, Bars, Hotels and Restaurants

New analysis by the British Retail Consortium (BRC) has highlighted the significant tax burden facing the UK’s hospitality and retail sectors, with businesses collectively paying... The post Hospitality Has the Highest Effective Tax Rate of Any Sector in the UK Research Reveals appeared first on CLH News: Caterer, Licensee and Hotelier News - News for Pubs, Bars, Hotels and Restaurants.

High streets’ ‘punishing tax burden’ is highest in UK economy, costing jobs and pushing up prices

Retailers pay 72p in tax for every £1 of profit as tax bill hits £62bn

Retailers are handing over the equivalent of 72p in tax for every £1 of pre-tax profit they make, according to new analysis that lays bare the huge cost burden facing the UK high street. Research from the British Retail Consortium and UKHospitality found retail and hospitality face the highest effective tax rates of any major sector of the economy, with the two industries paying a combined £62bn in business taxes during 2025/26. The retail secto…

High street tax burden ‘costing jobs and pushing up prices’, says BRC

Retail and hospitality have the highest effective tax rates of any sector in the UK, leading to fewer jobs for young people, foregone investment, and higher prices for customers, according to new analysis from the British Retail Consortium (BRC). The study compared the taxes and… This story continues at High street tax burden ‘costing jobs and pushing up prices’, says BRC Or just read more coverage at Talking Retail