United Kingdom set to introduce digital services tax (DST)
The government of the United Kingdom has announced the imposition of a new tax on digital services. Known as the Digital Services Tax (DST), the tax is set to come into operation in April 2019 and will be imposed on designated digital services at the rate of 2% on gross revenue from such services. The move comes amidst delay by the OECD in finalising the BEPS Action 1 on the ‘digital economy’. In the run-up to the implementation of the tax, Her Majesty’s Treasury has released a ‘consultation document’ for comments and input by the public.
The closing date for submission of comments is 29th February 2019.