Our new Head of Communications, Rosalia Munro, tells you how you can shape the policy landscape

I’ve been in my job at ICB for five weeks now. As with any new role, I’ve been taking stock, auditing ICB’s communications channels and getting out and meeting the movers and shakers in our membership. Even over this short time, what has most impressed me is the depth and breadth of members’ insight into the business landscape, and their willingness to engage.

As part of our new communications strategy, I am keen to employ this expertise to get ICB members heard at the very highest levels of government through regularly engaging with policy consultations. We’re kicking off this engagement by submitting a response to HM Treasury’s consultation on the creation of an Online Sales Tax (OST).

The pandemic has completely rewritten the rules in terms of the supply of goods and services, with more emphasis now being placed on online sales. This is of course great for the consumer but gives online businesses the competitive edge whilst their bricks-and-mortar counterparts remain paying business rates. When the Government conducted its long-promised consultation on the business rates system in 2021, many respondents called for a tax on online vendors to redress this imbalance.

This consultation will look into what such a tax would look like, and its impact on business and reporting requirements. We believe that our members are uniquely placed to comment on what these seismic changes will mean for business and most crucially, the burden that compliance with these new rules will place on tax agents like them.

So, if you want to shape the future of business taxation for you and your clients, we’d love to hear from you. Just respond to our member survey here by 16th May.

loading