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United Kingdom: Announcement of digital service tax

Policy overview

Description

Announcement of digital service tax

The Chancellor of the Exchequer announced the introduction of a digital service tax. The tax will be applied to companies with global revenue of over 500 million GPB and are profitable. The target will be specific digital platform business models. T…

Scope

Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body

Complete timeline of this policy change

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2018-10-29
under deliberation

The Chancellor of the Exchequer announced the introduction of a digital service tax. The tax will b…

2020-04-01
in force

The British parliament retroactively adopted the digital services tax of 2% on revenue generated th…

2021-10-21
to be revoked

On 21 October 2021, the British Treasury announced a route for the repeal of the Digital Service Ta…