TechUK Warns of US “Retaliation” after Gov’t Publishes Digital Services Tax Details

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The UK government has drafted and published a finance bill today that will introduce a two percent Digital Services Tax. To be introduced in April 2020, the tax aims to win the exchequer two percent of the revenues of any search engines, social media platforms and online marketplaces that generate revenues from UK users.

Many of these types of services are supplied by US companies like Google, Facebook and Amazon and the move was met with concern by industry group techUK.

Associate director for policy, Giles Derrington called the tax “deeply concerning” in an emailed statement, saying

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