Business · 9 hours ago
Amazon and eBay may collect sellers' VAT, reports say
The Treasury could receive an additional £1bn due to this change, which is reportedly intended to fund reduced business rates for high street retailers. Under the plan, reported by the Times, sites would collect VAT at source from any seller turning over more than £90,000 a year. Chancellor John Healey's budget is on 28 October, and the Treasury says it won't comment on speculation.
Reported by Guardian · How we write briefs