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HMRC weighs new VAT rules for retailers

HMRC is considering extending VAT rules to UK businesses selling through online marketplaces to tackle non-compliance and improve competition for retailers.

Latest news

Scottish business groups urge Swinney to scrap food price cap

Scottish business groups warn a proposed food price cap could raise consumer costs and disrupt the grocery supply chain.

US DOJ widens beef price inquiry to Walmart, Costco and other major retailers

The department will seek records linked to retail beef sales and prices, wholesale purchases, costs and margins, and pricing and purchasing strategies.

Amazon set to overtake Currys as UK’s biggest electricals retailer

GlobalData forecasts Amazon will narrowly overtake Currys in 2026 as online electricals sales grow while store-based sales decline.

Fashion retailer TFG plans 280 more store closures over next three years

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.

Poundland owner seeks sale of retailer “within weeks” – report

Modella Capital, the retail investor that owns TGJones and Hobbycraft, is said to be among the possible bidders.

France’s fashion law targets high-volume retailers Shein and Temu

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.