AMZN•UK finance minister John Healey is expected to make online marketplaces responsible for collecting tax owed by retailers selling on their platforms. The move could raise up to £1 billion ($1.33 billion) for the Treasury, reportedly.
John Healey is expected to announce that online marketplaces such as Amazon.com, eBay and Temu will be made responsible for collecting tax owed by retailers selling on their platforms. The move is expected to raise up to £1 billion ($1.33 billion) for the Treasury.
The Treasury declined to comment, saying tax decisions are a matter for Healey to set out at fiscal events. Amazon, eBay and Temu did not immediately respond to requests for comment.
