Chancellor targets Amazon and Temu in tax crackdown to deliver Budget for ‘white van man’
- Online marketplaces may have to collect VAT from larger sellers.
- The change could raise up to £1bn for high street business rates relief.
- A tax expert warns sellers could still exploit gaps in the rules.
The Chancellor is reportedly considering a tax change that would make large online marketplaces collect VAT from sellers using their platforms. The proposal aims to curb foreign retailers avoiding tax and undercutting British businesses, while raising money for business rates relief for high street shops. The rules would…