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eBay Users Could Face Major Tax Change Under Reported John Healey Budget Plans
Online marketplaces could collect VAT for retailers, while the Treasury may raise up to £1 billion to fund business rates cuts.
- Chancellor John Healey is weighing plans to require online marketplaces to collect VAT from retailers with turnover above £90,000, aiming to raise up to £1 billion to fund business rates relief for high-street shops ahead of his October 28 Budget.
- Officials signaled cost-of-living support will remain "targeted and temporary" as conflict in Iran pushes energy and fuel costs higher, while Healey aims to provide "breathing space" without compromising fiscal strength.
- Eve Williams, eBay UK's vice president and general manager, warned that strict financial thresholds around VAT and National Insurance inhibit growth, urging the Government to increase the tax-free trading allowance from £1,000 to £3,000.
- Motoring groups, including the RAC and AA, are urging the Chancellor to freeze fuel duty, as drivers struggle with pump prices around 57p higher than before the Iran conflict began.
- Speculation persists that the Budget may include a "mansion tax" on properties valued over £1.5 million and a levy on banks as the Chancellor balances revenue-raising measures against household energy relief needs.
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eBay users could face major tax change under reported John Healey Budget plans
Chancellor John Healey is reportedly preparing to announce plans requiring online marketplaces to collect VAT on sites such as eBay.
·Stroud, United Kingdom
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Chancellor John Healey will announce his UK tax plans on 28 October, outlining the government's approach to taxes, spending and the wide economic outlook.
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Total News Sources11
Leaning Left0Leaning Right0Center10Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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