United Kingdom: Retroactive implementation of digital service tax for certain companies
Description
Retroactive implementation of digital service tax for certain companies
The British parliament retroactively adopted the digital services tax of 2% on revenue generated through "digital services activities" attributable to a UK user. The tax is imposed on companies reaching certain global and domestic revenue thresholds through in-scope services of GBP 500 million and GPB 25 million. These in-scope services include social media and online marketplace platforms as well as search engines.
Original sourceScope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
Hide details
2018-10-29
under deliberation
2020-04-01
in force
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
platform intermediary: user-generated content
Category
All
Policy change by business practice
The detailed activities within the scope of this policy or regulatory change.
digital good (any form): hosting: display
Regulatory tool
Subordination under digital service tax
Sanctions
Regulated subjects
1