Chancellor Philip Hammond has committed the UK to a digital services tax (DST) in the absence of an OECD agreement, turning the rhetoric about an ‘Amazon tax’ into reality. The UK is set to join a growing list of countries to introduce unilateral tax rules for online platforms. Hammond...
where all or part of the revenues arising in connection with the transaction are, or would be, subject to a foreign digital services tax charge. To prevent distortion of the relevant operating margin where an election for the alternative method of calculation is made, the group must also disreg...
Amazon will not have to pay the UK’s new digital services tax on products it sells directly to consumers, while small businesses which sell products on its site will face increased charges. The tax - which aims to get tech Silicon Valley f
The digital services market continues to grow, everything from movie and music streaming services to software are now under scrutiny from tax authorities looking to take swift action to capture this emerging revenue stream.
Britain on Thursday unveiled draft legislation for a "digital services tax" on global tech giants, which it plans to impose until leading economies reach an agreement on the contentious issue.
Google is passing on the entire cost of a new UK digital services tax to advertisers, the company told brands on 1 September. The digital services behemoth wrote to companies this morning to announce that a new 2% charge will be applied to ads served in the UK from 1 November. Similar ...
The fee is driven by the new digital services tax in that country. This is currently only applicable to the above 3 regions. How it impacts your paid search budget These new taxes will be in addition to the advertiser’s monthly budget. However, these additional taxes are not reflec...
Discover how EY's digital tax services team can help your TMT company develop an effective digital tax strategy and future-proof the business tax function.
Midweek Tax News provides you with a succinct overview of the key tax developments that have occurred each week to allow you to stay up-to-date on tax issues that may have an impact on your business.
Public accounts committee accuses tax authority of pushing taxpayers too quickly towards digital services UK infrastructure Provision of UK public services disrupted by government buildings ‘left to crumble’ Spending watchdog says maintenance backlog totals £49bn, dominated by schools, NHS and MoD ...