Following the original announcement in the 2018 UK Budget, the introduction of a similar tax in France and despite ongoing pressure from the US, the UK is pressing ahead with its Digital Services Tax (DST) from April 1, 2020.
Given the current political position in the UK, it is possible that there could be a delay in implementing this measure. However, it is prudent for those businesses affected to be preparing for this new tax.
The UK Government has calculated that DST could raise approximately GBP 1.5 bn over the four years following its introduction.
Source WTS
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