Electronic Commerce: Taxation
(asked on 5th February 2018) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect on tax receipts of consumers choosing to buy items online from non-UK domiciled firms.
This question was answered on 13th February 2018
HMRC has estimated the amount of VAT foregone by sellers on online marketplaces was between £1bn and £1.5bn in 2016-17, and is attributed to both UK-based and overseas sellers.