What Is the Digital Services Tax?
In April 2020 the UK government announced they would be introducing a new tax on large multi-national enterprises operating within the digital economy with a turnover of over £500m in the UK market. This will be a 2% tax applied to revenues on search engines, social media services and online marketplaces. With this impacting a range of enterprises from search engines such as Google through to social media platforms such as Facebook, it is sure to be wide reaching.