Postcomm, the postal regulator, is hearing views from the Royal Mail and private companies entering the market, but is understood to considers a 5% tax as one of the best options.
It is concerned the Royal Mail’s VAT exempt status gives it an unfair advantage because competitors must levy the full 17.5%, The Independent reported.
The Treasury said it was opposed to the creation of a literal ‘stamp duty’. But it said it would continue to monitor the VAT position as it supported the creation of a ‘level playing field’ in the sector.
Richard Le Tocq, head of Locate Guernsey, discusses the chancellor’s approach to high net worth individuals, and why relocation is increasingly attractive to HNWIs
The firm says that the U-turn 'does not alter the need for a fundamental review of the way we tax work' and that the current tax system is in need of reform
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals