Digital service tax gets green light | News

Davida Erdahl

The tax will be introduced on 1 April and will have an impact on online marketplaces, search engines and social media products and services. Income and Customs believes it could consequence in as a lot as £515m in extra annual revenue by the close of the 2025 financial 12 months.

Organizations will be liable for the tax when all over the world earnings from electronic functions is additional than £500m and additional than £25m of this earnings comes from British isles customers.

 

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