Oxford Street American candy shops will never pay £7.9m tax bill, says council

American candy shops
// American candy shops on Oxford Street will likely never pay £7.9m business rates bill, according to Westminster Council
// The council said that trying to tax the shops was like riding a “merry-go-round”

Westminster City Council has admitted that the American candy shops on London’s Oxford Street will likely never pay their £7.9 million tax bill.

More than £474,000 of counterfeit and illegal products have been seized from 30 US-themed sweet shops on the world famous street over the last six months.

The council said that trying to tax the shops was like riding a “merry-go-round” as companies pop-up then disappear from Oxford Street.


READ MORE: Over £100,000 worth of counterfeit items seized from American candy shops


One of the council’s chief officers said they were “a problem”.

“To be honest they will never be able to pay business rates,” Westminster City Council revenue director, Martin Hinckley said.

Speaking to the Local Democracy Reporting Service (LDRS), Hinckley said: “It’s a bit of a merry-go-round. If Oxford Street eventually recovers this will disappear, until then we are likely to have a problem.”

The council is able to send bailiffs into stores to try and seize items to make some of the money back.

However, considering that the shops sell sweets – many of which do not meet trading standards – the council is unable to find enough that can be resold.

Westminster City Council trading standards said complaints included out-of-date food and counterfeit “Wonka” bars.

LDRS said: “The aim is to move landlords away from housing US-themed sweet shops and instead bring back ‘higher-quality shops to central London’.”

Click here to sign up to Retail Gazette‘s free daily email newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here