Digital Technology: Tax Yields
(asked on 23rd November 2020) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how much income has been generated by the Digital Sales Tax since its introduction in April 2020.
This question was answered on 1st December 2020
The Digital Services Tax was estimated at Budget 2018 to raise about £1.5bn from 2020-2021 to 2023-2024. However, DST payments are not required before 9 months and a day after the end of an accounting period, and as the tax has been in force for less than 9 months nothing has yet been paid.