UK'S HEALEY WILL MAKE ONLINE MARKETPLACES COLLECT TAX FROM SELLERS

British finance minister John ​Healey said on Wednesday he would make ‌online marketplaces responsible for collecting value added tax (VAT) owed by retailers selling on their platforms.

"I ​will strengthen the requirements for online ​marketplaces so that sellers cannot avoid paying ⁠VAT when they sell online," Healey ​said in his budget speech to parliament. The change ​means that online marketplaces, such as Amazon, eBay, Temu , Shein and Alibaba, will become responsible for ​collecting the VAT which is charged on ​sales by sellers on their sites.

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