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via ecommercenews.euPolitics

UK plans to extend VAT liability to marketplaces

FROM THE WIRE · ECOMMERCENEWS.EU

The government of the United Kingdom wants to make marketplaces responsible for collecting VAT on sales by larger domestic sellers.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe tax proposal may affect marketplaces and e-commerce operators at sector level.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The UK government wants marketplaces to be responsible for collecting VAT.
  2. 02The measure covers sales by larger domestic sellers.
  3. 03The proposal is under consideration.

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