The UK Government has initiated a new 'high street levy' aimed at subsidizing tax rates for physical retail establishments, exempting online businesses. Despite efforts by the House of Lords to amend the legislation to exclude NHS Hospitals from this new levy, the Government declined to accept these amendments. As a result, 297 NHS Hospitals in England will now face an estimated annual levy cost of £75 million. This action reflects ongoing tensions in Parliament as healthcare facilities are impacted by fiscal measures intended to support the high street.
The Government's new 'high street levy' will impose an additional tax burden on NHS Hospitals, forcing them to contribute £75 million annually to support high street businesses.
Despite the House of Lords attempt to amend the bill to exclude healthcare properties from the 'high street levy', the Government ultimately rejected these changes, enforcing compliance.
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