Moore glad to see rate cuts and on­line tax

Midweek Visiter - - News - BY JAMIE LOPEZ jamie.lopez@reach­plc.com @jamie_lopez1

IN­TER­NET giants will be taxed on on­line sales and busi­ness rates for small busi­ness will be slashed by a third af­ter pro­pos­als from South­port MP Damien Moore.

The Dig­i­tal Ser­vices Tax will be in­tro­duced in April 2020 and will see the Govern­ment in­tro­duce a new 2% tax on the rev­enues of cer­tain dig­i­tal busi­ness to en­sure that the amount of tax paid in the UK is re­flec­tive of the value they de­rive from their UK users.

The Chan­cel­lor, Philip Ham­mond, also re­vealed a new £675m Fu­ture High Streets Fund for re­de­vel­op­ing high streets, in ad­di­tion to cut­ting busi­ness rates by one third for small and in­de­pen­dent busi­nesses with a rate­able value be­low £51,000.

In July, Mr Moore called for the Trea­sury to ‘level the play­ing field’ for high street re­tail­ers through a bud­get sub­mis­sion.

On Mon­day, the Mr Ham­mond cited lob­by­ing from Mr Moore and Chris Philp, MP for Croy­don South, when dis­cussing the im­por­tance of pro­tect­ing the high street dur­ing his Bud­get speech.

Re­spond­ing to the an­nounce­ments in Par­lia­ment, Mr Moore wel­comed the sup­port of cut­ting busi­ness rates for small busi­nesses.

He said: “One of Bri­tain’s, and in­deed South­port’s, strengths are the small busi­nesses that pro­vide the ma­jor­ity of jobs in the pri­vate sec­tor. One of the ben­e­fits of be­ing the Mem­ber of Par­lia­ment for South­port is that I get to meet some ex­tra­or­di­nary en­trepreneurs and small busi­ness own­ers.

“They are the peo­ple who form the back­bone of our econ­omy, and over the past year I have had the plea­sure of meet­ing many of these hard-work­ing in­di­vid­u­als.

“I there­fore deeply wel­come the new tax re­forms set out by the Chan­cel­lor in his Bud­get speech, which will pro­vide un­par­al­leled re­lief to many small busi­ness own­ers in my con­stituency.

“How­ever, things have been all the more dif­fi­cult for small busi­nesses in South­port be­cause they are hav­ing to work with­out the sup­port of Labour-led Sefton Coun­cil, which is more in­ter­ested in puni­tive charges than in build­ing a strong econ­omy.

“Lord Street, in par­tic­u­lar, is suf­fer­ing un­der the Labour coun­cil, but it is now set to be handed a fight­ing chance un­der this Con­ser­va­tive Govern­ment and this au­tumn Bud­get.’’

Mr Moore added: “I wel­come the an­nounce­ment in the Bud­get to pro­vide up-front sup­port through the busi­ness rates sys­tem, cut­ting bills for re­tail prop­er­ties with a rate­able value of be­low £51,000, which will ben­e­fit 90% of re­tail prop­er­ties. I also wel­come the ad­di­tion of the £675m fu­ture high streets fund. That means that some­one run­ning a small busi­ness will see their tax come down by a third and their high street re­stored.

“It is not just about get­ting out of the way of small busi­ness but about stand­ing up for those spe­cific is­sues. It is about mak­ing sure that those same small busi­nesses are not dis­ad­van­taged by an over­bear­ing dig­i­tal mar­ket­place that is not pay­ing its fair share – a real David and Go­liath bat­tle.

“I was there­fore de­lighted to hear in the Chan­cel­lor’s state­ment that the Govern­ment will in­tro­duce a new 2% tax on the rev­enues of cer­tain dig­i­tal busi­nesses to en­sure that the amount of tax paid in the UK re­flects the value they de­rive from their UK users, en­sur­ing an even ground be­tween busi­nesses on our high streets and on­line.’’

The MP con­cluded: “It is not Ama­zon or Face­book that are the lifeblood of this coun­try; it is the small busi­nesses in con­stituen­cies like mine.”

South­port MP Damian Moore was cited in the Bud­get his for lob­by­ing

Chan­cel­lor Ham­mond

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