UK finance minister plans to make online marketplaces collect sales tax
Finance minister John Healey is set to require platforms like Amazon.com, eBay and Temu to gather tax from sellers using their sites.
John Healey intends to shift the responsibility for value-added tax on marketplace sales onto the platforms themselves. The proposal targets major operators such as Amazon.com, eBay and the fast-growing app Temu. Treasury officials say the change could generate up to £1 billion for public finances. The government has not provided further comment, and the companies have not responded to inquiries.
Why it matters
Shifting tax collection to marketplaces could boost UK revenues and level the playing field for online sellers.
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online marketplacestax collectionVATUK finance ministerdigital economyrevenueAmazon.comeBayTemu
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