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Foreign Companies: Internet

Treasury written question – answered on 17th March 2020.

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Photo of Scott Benton Scott Benton Conservative, Blackpool South

To ask the Chancellor of the Exchequer, what steps he is taking with his international counterparts to ensure that internet-based businesses pay an adequate level of tax in the UK.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

Ensuring that digital businesses pay their fair share of tax in the UK is a priority for the Government.

The Government is actively working on a multilateral solution to ensure that digital businesses pay an appropriate level of tax in the countries in which they operate.

Pending that solution, the Government is introducing the digital services tax from April 2020; a 2% tax on the UK revenues of social media platforms, online marketplaces and search engines.

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