Michael Alliston and Judy Harrison (Norton Rose Fulbright) consider what's new in HMRC's guidance and how the Finance Bill legislation has changed since the earlier draft.
As we are all forced into confinement by the coronavirus pandemic the ability of digital businesses to keep us connected entertained and provisioned has seen a sharp spike in their usage. The government’s implementation of its digital services tax (DST) could therefore perhaps be considered fortuitous timing.Commentators in the early part of the year queried whether the government might postpone the DST to see what progress the OECD makes on reaching an international consensus. It did not hold off though and the DST is now to come into force on royal assent of the Finance Bill 2019/20 and with effect from 1 April 2020. Accordingly businesses with online revenues must assess the changes made in the revised legislation...
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Michael Alliston and Judy Harrison (Norton Rose Fulbright) consider what's new in HMRC's guidance and how the Finance Bill legislation has changed since the earlier draft.
As we are all forced into confinement by the coronavirus pandemic the ability of digital businesses to keep us connected entertained and provisioned has seen a sharp spike in their usage. The government’s implementation of its digital services tax (DST) could therefore perhaps be considered fortuitous timing.Commentators in the early part of the year queried whether the government might postpone the DST to see what progress the OECD makes on reaching an international consensus. It did not hold off though and the DST is now to come into force on royal assent of the Finance Bill 2019/20 and with effect from 1 April 2020. Accordingly businesses with online revenues must assess the changes made in the revised legislation...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
