- Current VAT rules treat UK and overseas businesses differently, leading to fraud and unfair competition.
- Amazon has collected over £6 billion in VAT from overseas sellers for the UK Government since 2021 and supports reforming VAT rules to create a level playing field.
- Up to £3.2 billion in sales annually are made by bad actors exploiting VAT loopholes, using tactics like shell companies and falsified documents.
- Amazon continues to invest in technology and compliance to support effective VAT collection and is committed to supporting UK small businesses.
- Amazon plans to invest £40 billion in the UK over the next three years, creating jobs and supporting economic growth.
Source: aboutamazon.co.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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