Online sales tax will ‘damage shops and high streets’, Marks & Spencer warns

Exterior of Marks & Spencer store and passersby

Marks & Spencer has written to chancellor Rishi Sunak setting out its opposition to an online sales tax.

A consultation on the idea ends this week and Marks & Spencer’s chief financial officer Eoin Tonge warned that it would be damaging for high streets and the retailers that operate on them.

Tonge wrote: “Introducing an additional tax on retail - already overburdened - will simply mean retailers cut their cloth accordingly.

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