Budget 2018: UK goes it alone on digital sales tax for tech giants

Budget 2018: UK goes it alone on digital sales tax for tech giants

6 years ago
Anonymous $ZPWJA6-QD2

https://www.theregister.co.uk/2018/10/29/uk_budget_2018_tax/

UK chancellor Philip Hammond has used today’s budget to take aim at tech giants who he says aren't paying their fair share of tax in the nation and is promising to introduce a digital sales levy in 2020 to rectify this.

The 2018 budget, delivered on a Monday for the first time since 1962, claimed that austerity is “coming to an end”. To demonstrate this, Hammond outlined a number of cash handouts – although he noted that some of his “star bunnies” had escaped from the hat a little early, in the form of the £20bn boost to NHS funding announced in June.