A new tax on internet giants’ sales is not expected until the Autumn, if at all - despite Brits facing stealth hikes in this week’s Budget.
Wednesday’s statement is tipped to freeze income tax thresholds for three years, removing a planned tax break from April for all Brits who earn over £12,500.
But it’s understood an ‘online sales tax’, which could hit giants like Amazon whose profits soared in the pandemic, will not be announced by Chancellor Rishi Sunak in his Budget.
Instead the idea is part of a wider review of business rates, which has been delayed due to coronavirus. While an interim report on that review will be published on March 23, a senior government source said there will be no final action on any online sales tax until
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