Amazon, the world’s leading E-commerce platform, has announced that it will be increasing seller fees in the UK including referral fees, Fulfilment by Amazon fees and monthly storage fees by 2%. This change will take place from 1 September 2020 and will reflect the UK’s new 2% Digital Services Tax. The E-commerce giant also said that it has introduced an optional feature for sellers in the UK who want to make returns, which allows customers to receive a prepaid return shipping label for return requests.
In March this year, J&P announced that the UK government had confirmed it was putting in place a 2% digital service tax for large digital corporations. This came into play on 1 April 2020 to raise additional annual income by the end of the financial year ending in 2025.