In the last UK budget then-Chancellor George Osbourne gave the UK’s HMRC more powers to tackle head-on non-UK-based sellers exploiting tax loopholes over the payment of VAT.
Now Amazon has issued an announcement to sellers on its UK Seller Central page reminding them that it may have to release information to the UK ‘s Revenue and Customs enforcers about individual sellers’ accounts, if it is requested to do so. It highlights to overseas sellers they should reach out for advice if they think they are now potentially liable to pay Value Added Tax (VAT) in the UK, and gives links to independent tax advisors who can help US and Chinese sellers selling items in the UK.
The statement also links to the latest UK legislation about VAT, and the UK’s data gathering regulations. The full Amazon reminder reads:
“Information regarding your account: This is a reminder that we may be required under UK legislation to disclose limited information about amazon.co.uk Seller accounts to HMRC, if HMRC make a formal request to us for this information. If you have questions about VAT and whether you have a UK tax liability, please visit the following websites where you can obtain more information.”
The reminder concludes with a number of relevant links.