February 2017

One Month to Go Until Introduction of New £1 Coin 

ACS (the Association of Convenience Stores) is encouraging retailers to ensure that their stores are ready for the introduction of the new £1 coin next month.

ACS took part in a roundtable meeting this morning (28 February) with Treasury Minister Baroness Neville-Rolfe to report on the levels of readiness in the convenience sector.

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11 Business Groups Call on Government for Rates Reform

A group of organisations representing over 100,000 businesses has written to all MPs expressing concern about the impact that changes to business rates will have on their members in April.

The letter highlights the issues that thousands of businesses are facing as a result of the revaluation, with many due to receive significant increases in their rates bills.

The group is calling for action in the following areas:

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ACS Gives Evidence to Lords Finance Bill Committee on Making Tax Digital Plans

ACS has given evidence to the House of Lords Finance Bill sub-committee on the Making Tax Digital proposals, urging the Government to extend the timeframes for transferring business tax accounting onto digital platforms.

The proposals, originally published through six consultation documents in August 2016, aim to introduce a fully digital tax system with the intention of reducing errors in tax reporting.

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Home Office, Police and Fuel Retailers Unite to Tackle Fuel Theft

The Home Office, fuel retailers and police have come together to tackle the £36 million annual cost of fuel theft on the UK’s petrol forecourts.

The impact that fuel theft is having on the sector has sparked industry groups, including the Association of Convenience Stores, the Petrol Retailers Association and the Downstream Fuel Association into action to develop new guidance to support fuel retailers in training their staff to prevent drive offs and report incidents to the police using a new standard reporting form.

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