UK’s Healey cracks down on VAT-shirking online sellers

LONDON — U.K. Chancellor John Healey has moved to crack down on a loophole exploited by overseas sellers to avoid paying VAT. “I will strengthen the requirements for online marketplaces so that sellers cannot avoid paying VAT when they sell online,” Healey said in Wednesday's budget. Online marketplaces like Amazon, eBay and Temu will now be responsible for collecting tax owed by retailers.