Call 0117 254 1166 - Email info@elitefinancialaccounting.com

Digital Services Tax

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.

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. However, this only applies when the group's worldwide revenues from these digital activities are more than £500m and more than £25m of these revenues are derived from UK users.

Jesse Norman, Financial Secretary to the Treasury and Paymaster General, said:

'The UK has always sought to lead in finding an international solution to taxing the digital economy. This targeted and proportionate Digital Services Tax is designed to keep our tax system in this area both fair and competitive, pending a longer term international settlement.'

Internet links: GOV.UK news GOV.UK publications

Receipt Bank xero.png
Copyright

© 2019 Elite Financial Accounting. All rights reserved.

powered by totalSOLUTION

We use cookies on this website, you can find more information about cookies here.
Contact Us

Please call:
0117 254 1166


Quick links

Home | Cheltenham Accountants | Bristol Accountants | Contact us | Site map | Accessibility | Disclaimer | Help |

Bristol Office
Elite Financial Accounting, 609 Fishponds Road, Fishponds, Bristol, Avon BS16 3AA
Cheltenham Office
Elite Financial Accounting, 111 The Promenade, Cheltenham, Gloucestershire GL50 1NW

No 08659473, 609 Fishponds Road, Bristol, BS16 3AA. Registered in England and Wales