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  • Labour calls for sharp rise in digital services tax to ease energy costs facing businesses

Labour calls for sharp rise in digital services tax to ease energy costs facing businesses

Labour has called for a hike the digital services tax to fund a £1bn support scheme for struggling businesses.

by | 15 Aug, 2022

It is also in favour of an increase in the business rates threshold for small businesses saving high street businesses – raising it from £15,000 per year to £25,000 per year, at a cost of £1.1bn.

The opposition party estimates that the increase in the rate of the digital services tax would raise at least £2.1bn – paying for the support measures.

Read more at City A.M.

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