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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Book Your Place at Summit 2017

Tickets are now on sale for the ACS Summit, an unmissable industry event for convenience retailers. The conference will take place in Birmingham on the 25th of April 2017.

Summit17 will bring retailers, suppliers, and industry experts from around the world together to explore the successes and challenges of the industry and discuss new ideas retailers can walk away with.

This year’s Summit will be divided into three thought-provoking sessions, each segment with a guest speaker and followed by a panel discussion.

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Speakers Announced for the ACS Crime Seminar

ACS has announced a great lineup of MPs, industry experts and retailers to speak at the upcoming ACS Crime Seminar, taking place on 9th March, 9:30am-2pm in London.

The Crime Seminar will feature the launch of the 2017 Crime Report and will hear from industry experts about innovative ways to tackle retail crime and working in partnership, as well as provide networking opportunities for retailers.

Confirmed speakers at the ACS Crime Seminar include:

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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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ACS Welcomes £10m Welsh Rate Relief Package for Retailers

ACS (the Association of Convenience Stores) has welcomed the Welsh Government’s approach to fund High Street Relief for retailers who will be adversely affected as a result of the revaluation.

The Welsh Government have stated that the £10m relief scheme to support high street businesses will support almost 15,000 businesses whose rates are set to increase in April. Eligible retailers will receive up to £1,500 off their non-domestic rate bill if they have a rateable value of £50,000 or less in the 2017-18 financial year.

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Government Business Rates Income Forecast to Reach £23.8bn by 2018

ACS has responded to figures published by the Department for Communities and Local Government, calling on the Chancellor to make business rates fairer for the convenience sector.

The Department has forecast net business rates income to rise from £22.4bn in 2015-16 to £23.5bn in 2016-17 and then 23.8bn in 2017-18.

Research published in the Times has suggested that many internet distribution warehouses are set to see their rates bills fall as a result of the revaluation, while one in three convenience stores face an increase in business rates in April.

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