Tax to be charged on revenue raised from
UK sales, regardless of where firms are based
The government has set out plans to impose a digital services tax on the UK revenues of online companies including
Google and
Facebook, in a move that could sour trade talks with the US.
The 2% levy on the
British revenues of search engines, social media services and online marketplaces, first announced in the 2018 budget, is an attempt to keep some of the economic value created by technology companies in the country, ahead of planned international action by the Organisation for Economic Co-operation and Development (OECD).