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UK Plans Tax Crackdown on Online Marketplaces

Britain plans to make online marketplaces like Amazon and eBay responsible for collecting value-added tax. The measure aims to raise up to one billion pounds and fund business rate cuts.

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FILE PHOTO: Britain's Chancellor of the Exchequer John Healey delivers a speech at the Manufacturing Technology Centre in Coventry, Britain, September 7, 2026. Betty Laura Zapata/Pool via REUTERS/File Photo

United Kingdom plans to require online marketplaces to collect value-added tax owed by third-party retailers, raising up to £1B ($1.33B). The measure targets foreign platforms such as AMAZON.COM INC, EBAY INC, and Temu. Revenue from the tax collection will fund business rate cuts for physical storefronts across the country.
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