VATupdate
VAT

HMRC published Policy paper: Introduction of the new Digital Services Tax.

Large multi-national enterprises with revenue derived from the provision of a social media platform, a search engine or an online marketplace (‘in scope activities’) to UK users. From April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users.

Source HMRC

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