Skip to main content
Site logo

Main navigation

  • About Jeremy
  • News
  • Campaigns
  • Constituency
  • Contact
  • Covid-19
  • Godalming and Ash Survey 2023
  • Protect our Green Spaces
  • Royal Surrey Cancer & Surgical Innovation Centre
Site logo

Digital Services Tax

  • Tweet

Digital services companies must contribute fairly to funding our vital public services.
 
The way in which businesses work is changing, which is why it is important that the Government is reviewing the taxation of digital companies, to make sure all businesses pay their fair share. The UK is leading international efforts to reform the international rules around where profit is made and where it should be taxed. Pending this global reform the Government is exploring potential interim measures. 
 
At the Autumn Budget 2018, the Chancellor announced that a UK Digital Services Tax will be introduced, targeting tax on UK-generated revenues of specific digital platform business models. This new 2 per cent tax will come into effect from April 2020, paid only by profitable companies which generate at least £500 million a year in revenue, and is expected to raise over £400 million a year for funding public services. Should a globally agreed solution present itself in the meantime, the Government will consider adopting this in place of the UK Digital Services Tax.
 
There is more work to be done, but our country has made great strides towards ensuring businesses pay their fair share and will continue to lead international efforts to reform the international rules.

National Campaigns

  • Health
  • Brexit
  • Cabinet
  • Communities and Local Government
  • Environment, Food and Rural Affairs
  • Foreign Affairs
  • HMRC
  • Home Office
  • International Development
  • Justice
  • Treasury
    • Duty of Care for Financial Services Providers
    • Finance Bill: New Clause 2
    • Alcohol Duty
    • Digital Services Tax
    • Payday Loans
  • Work and Pensions
  • Business, Energy and Industrial Strategy
  • Defence
  • Digital, Culture, Media and Sport
  • Education
  • International Trade
  • Transport

Jeremy Hunt MP

Footer

  • About RSS
  • Accessibility
  • Cookies
  • Privacy
  • About Jeremy
Promoted by Sean Donovan-Smith on behalf of Jeremy Hunt, both at 2 Royal Parade, Tilford Road, Hindhead, Surrey GU26 6TD
Copyright 2023 Jeremy Hunt MP . All rights reserved.
Powered by Bluetree