Summary
Chancellor John Healey's first Budget temporarily raises the bank corporation tax surcharge from 3% to 6% for 15 months from January, on top of the 25% main rate. Online marketplace sellers are to be brought into VAT, machine games duty rises from 20% to 25%, the cash ISA limit stays at £20,000, and the small-business rates relief threshold for retail, hospitality and leisure rises from £12,000 to £18,000.
What it means for you
UK-facing sellers on Amazon, eBay and similar platforms should prepare for VAT once the start date is published.
This summary is general information, not legal advice. The outcome of any case depends on its facts; read the source and take advice before acting.
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