The British Independent Retailers Association, backed by 18 organisations, has urged the Government to consult on extending VAT online marketplace liability rules.
The group warns that overseas sellers are exploiting loopholes to avoid VAT, undercutting compliant UK retailers and costing the Exchequer around £700 million (~$945 million) annually.
The group warns that overseas sellers are exploiting loopholes to avoid VAT, undercutting compliant UK retailers and costing the Exchequer around £700 million (~$945 million) annually.
