03 September 2026
03 September 2026
HMRC is considering extending VAT rules to UK businesses selling through online marketplaces to tackle non-compliance and improve competition for retailers.
Scottish business groups warn a proposed food price cap could raise consumer costs and disrupt the grocery supply chain.
The department will seek records linked to retail beef sales and prices, wholesale purchases, costs and margins, and pricing and purchasing strategies.
GlobalData forecasts Amazon will narrowly overtake Currys in 2026 as online electricals sales grow while store-based sales decline.
In a trading update for the 21 weeks ended 22 August 2026, the JSE-listed retailer said it had already closed 85 Africa stores during the period.
Modella Capital, the retail investor that owns TGJones and Hobbycraft, is said to be among the possible bidders.
Under the new structure, fees start at €0.25 for items such as socks or boxer shorts and rise to €12 for a coat, with the overall charge capped at half of a product's pre-tax sales price.
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