Digital Technology: Taxation

Treasury written question – answered on 18th May 2022.

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Photo of Stuart Anderson Stuart Anderson Conservative, Wolverhampton South West

To ask the Chancellor of the Exchequer, what steps he is taking to ensure that High Street retailers benefit from proceeds of the Digital Services Tax.

Photo of Lucy Frazer Lucy Frazer The Financial Secretary to the Treasury

The Government is currently consulting on the proposal for an Online Sales Tax as a means to rebalance the taxation of the retail sector between online and in-store retail.

The Digital Services Tax, on the other hand, is a 2 per cent tax on the revenues of search engines, social media services, and online marketplaces which derive value from UK users. It is a temporary solution to the challenges posed by digitalisation to the international system for taxing corporations’ profits.

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