Digital Technology: Taxation

(asked on 25th March 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what criteria his Department used to calculate the estimated revenue from the digital services tax proposed in 2018 Budget.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 28th March 2019

The Digital Services Tax is forecast to raise approximately £1.5 billion over four years. The costing methodology is set out in further detail on page 21 of the Autumn Budget 2018 policy costings note found here:

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/752208/Budget_2018_policy_costings_PDF.pdf

The costing methodology was certified by the Office for Budget Responsibility as reasonable and central.

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