The government should focus on fixing business rates and corporation tax, the boss of the online fashion retailer Asos has said in response to the threat of a new digital sales tax.
Asos highlighted the deep divide between the fortunes of online retailers and traditional rivals on Wednesday when it revealed a step-up in sales growth over the summer, when many high street stores have closed.
The online retailer said sales rose 23% in the UK in the year to 31 August, “accelerating as the year progressed”.
The performance is in stark contrast to some high street rivals, including Superdry and Ted Baker, which have partly blamed the heatwave for disappointing trading over the summer.
