-
The UK-US Trade Deal signed on May 8, 2025, reduces tariffs on US goods but maintains a 10% tariff on UK exports, with key focus areas in automotive, aerospace, and agriculture.
-
Despite strong anticipation, the deal does not address the UK’s 2% Digital Services Tax (DST), which significantly impacts major US tech firms and contributes £800 million annually.
-
US President Trump, a known critic of the DST, is expected to raise the issue in future negotiations, hinting at possible changes to its application on US digital companies.
-
Until any renegotiation occurs, US tech companies operating in the UK must continue to comply with current DST rules and monitor developments closely to anticipate regulatory changes.
Source: vatabout.com
Latest Posts in "United Kingdom"
- Post-Brexit VAT Shifts: Reverse Charge and the New Digital Landscape
- Isle of Wight NHS Trust Wins VAT Exemption Case for Locum Medical Practitioners Supply
- Tribunal Rules on VAT Exemption for Locum Medical Practitioners Supplied by Agencies
- VAT Appeal Dismissed: Nitrous Oxide in Cream Chargers Not Zero-Rated as Food
- FTT Dismisses Akhtar’s Appeal Against HMRC’s Best Judgement VAT Assessments Due to Missing Records
