Chancellor targets Amazon and Temu in tax crackdown to deliver Budget for ‘white van man’: The Times
- On Tuesday, UK Finance Minister John Healey reportedly finalized plans to make online marketplaces like Amazon, eBay, and Temu responsible for collecting VAT on retailer sales, aiming to raise up to £1 billion for the Treasury.
- Treasury sources stated the policy aims to "protect local family businesses and the high streets we love" by addressing concerns that Chinese retailers evade the 20 per cent VAT to undercut British competitors.
- Tax expert Dan Neidle of Tax Policy Associates welcomed the measure, which would target sellers with an annual turnover exceeding £90,000, but cautioned the system remains vulnerable to exploitation by sham companies.
- Britain's 2026 GDP growth forecast was recently upgraded to 1.3 per cent by the International Monetary Fund, providing a boost as Healey faces pressure to raise taxes or cut spending at next month's Budget.
- The initiative aligns with the Chancellor's broader strategy to support the so-called "white van man" and local beauticians, though the Treasury declined to comment on specific tax decisions ahead of the fiscal event.
8 Articles
8 Articles
The Independent
The Independent (US)Chancellor in online marketplace tax crackdown as he plots ‘white van man’ Budget
It comes amid growing concern that Chinese retailers are using online marketplaces to undercut British competitors by evading the 20 per cent VAT on all their sales
John Healey plots £1billion VAT crackdown on major online marketplaces to fund high street tax cut
John Healey plots £1billion VAT crackdown on major online marketplaces to fund high street tax cut . Chancellor John Healey is preparing a £1billion tax raid on major online marketplaces in his maiden Budget
Healey plans £1bn e-commerce crackdown to fund retail tax breaks
John Healey is preparing to announce a £1bn tax crackdown on online marketplaces like Amazon and Temu to fund tax cuts for high street shops. At the Budget later this month, the Chancellor is expected to make e-commerce platforms like Amazon, Ebay and Temu responsible for collecting tax owed by the sellers using their site, [...]
Channel News Asia
UK finance minister Healey to target online marketplaces in tax crackdown, The Times reports
Oct 13 : UK finance minister 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 Times reported on Tuesday.The move is expected to raise up to £1 billion ($1.33 billion) f
Chancellor targets Amazon and Temu in tax crackdown to deliver Budget for ‘white van man’
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