UK finance minister Healey to target online marketplaces in tax crackdown, The Times reports — SkimNews
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- John Healey is expected to announce that online marketplaces will be made responsible for collecting tax owed by retailers selling on their platforms.
- The policy specifically names Amazon.com, eBay, and Temu as bearing the collection obligation; none of the three responded to requests for comment.
- The measure is projected to raise up to £1 billion ($1.33 billion) for the Treasury, which declined to comment, saying tax decisions fall to Healey to set out at fiscal events.
- The plan was first reported by The Times on Tuesday, October 13.
- The dollar figure was calculated at an exchange rate of $1 = 0.7544 pounds.
Why it matters: The Treasury stands to gain up to £1 billion by making Amazon, eBay, and Temu — rather than the third-party retailers themselves — responsible for collecting sales tax, though all three platforms declined to comment ahead of Healey's formal announcement.
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