United Kingdom: Announced phase-out of DST in light of OECD/G20 multinational tax agreement
Description
Announced phase-out of DST in light of OECD/G20 multinational tax agreement
On 21 October 2021, the British Treasury announced a route for the repeal of the Digital Service Tax (DST). In light of the OECD-led negotiations on a global tax system and an agreement with the US and other European governments, the Treasury intends to withdraw the DST on 1 January 2023.
Original sourceScope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
central government
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