Digital Technology: Tax Yields

Treasury written question – answered on 1st December 2020.

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Photo of Abena Oppong-Asare Abena Oppong-Asare Shadow Exchequer Secretary (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.

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

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.

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