{"id":2538,"date":"2022-03-24T04:00:00","date_gmt":"2022-03-24T04:00:00","guid":{"rendered":"im-23402"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T00:00:00","slug":"overview-of-digital-services-tax-dst","status":"publish","type":"post","link":"https:\/\/ep-accountants.co.uk\/overview-of-digital-services-tax-dst\/","title":{"rendered":"Overview of Digital Services Tax (DST)"},"content":{"rendered":"<p>The UK&rsquo;s Digital Services Tax (DST) came into operation on 1 April 2020. This tax is designed to ensure that the major social media, search engine and online retailers are subject to a 2% tax on revenues generated from the participation of UK users of their services.<\/p>\n<p>Businesses are liable to the DST when the group&rsquo;s businesses worldwide revenues from the specified digital activities are more than &pound;500 million and more than &pound;25 million of these revenues are derived from UK users. There is an allowance of &pound;25 million, which means a group&rsquo;s first &pound;25 million of revenues derived from UK users will not be subject to Digital Services Tax.<\/p>\n<p>The following three services are considered digital services activities for the purposes of DST:<\/p>\n<ul>\n<li>a social media service,<\/li>\n<li>an internet search engine; or<\/li>\n<li>an online marketplace.<\/li>\n<\/ul>\n<p>A group can make a voluntary election to calculate the liability to DST using an alternative basis of charge provision. The alternative basis of charge will benefit groups making a loss or operating at a low margin on their UK digital services activity.<\/p>\n<p>There will be a review of DST by HM Treasury before the end of 2025 which will be laid before Parliament.<\/p>\n<div style='font-size:smaller' class='im_source'>Source: HM Revenue &#038; Customs   Tue, 22 Mar 2022 00:00:00 +0100<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The UK\u2019s Digital Services Tax (DST) came into operation on 1 April 2020. This tax is designed to ensure that the major social media, search engine and online retailers are subject to a 2% tax on revenues generated from the participation of UK users<\/p>\n","protected":false},"author":1,"featured_media":2539,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[28],"tags":[],"_links":{"self":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/2538"}],"collection":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/comments?post=2538"}],"version-history":[{"count":0,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/2538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media\/2539"}],"wp:attachment":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media?parent=2538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/categories?post=2538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/tags?post=2538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}