UK’s digital services tax reaps almost £360m from US tech giants in first year

UK’s digital services tax reaps almost £360m from US tech giants in first year

Figure raised exceeds what most of the digital businesses have been paying in UK corporation tax

The digital services tax has reaped almost £360m from US tech giants including Amazon, Google and Apple in its first year, raising more from most of the digital businesses than they have been paying in UK corporation tax.

A National Audit Office (NAO) report has found the UK’s digital services tax, which was introduced in April 2020 and imposes a 2% charge on the gross revenues made by digital titans running search engines, social media services and online marketplaces, hauled in 30% more than the government had forecast in 2021.

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