Online marketplaces in the UK will soon be forced to collect Value Added Tax (VAT) on all sales made in the country by overseas sellers in a major crackdown on tax fraud.
VAT fraud by international sellers on platforms like Amazon and Ebay are understood to cost the UK taxpayer £1.5 billion a year and a failure to combat it has been attributed to the decline of the high street in recent years.
Currently websites like Amazon and Ebay are considered facilitators of overseas sales made online in the UK.
