In its Treasury minutes June 2023 publication, the UK government has set out its response to the Public Accounts Committee’s 20 March 2023 report The Digital Services Tax. The government generally agrees with recommendations on learning lessons from DST, keeping Parliament informed on progress of Pillars One and Two and planning for the scenario where DST needs to be extended.
Other points of interest arising from the response include:
the design and implementation of DST have informed the introduction of other new taxes since 2020, including the residential property developer tax and electricity generator levy;
the Treasury and HMRC will be closely involved in setting out the UK’s objectives for the multilateral administrative framework for Amount A of Pillar One; and
the government intends to publish expected revenues from Amount A ‘at a future fiscal event’.
In its Treasury minutes June 2023 publication, the UK government has set out its response to the Public Accounts Committee’s 20 March 2023 report The Digital Services Tax. The government generally agrees with recommendations on learning lessons from DST, keeping Parliament informed on progress of Pillars One and Two and planning for the scenario where DST needs to be extended.
Other points of interest arising from the response include:
the design and implementation of DST have informed the introduction of other new taxes since 2020, including the residential property developer tax and electricity generator levy;
the Treasury and HMRC will be closely involved in setting out the UK’s objectives for the multilateral administrative framework for Amount A of Pillar One; and
the government intends to publish expected revenues from Amount A ‘at a future fiscal event’.
