Home Digital New Digital Tax to bring in £500 million a year to UK

New Digital Tax to bring in £500 million a year to UK

The new UK Digital Tax, which is expected to be unveiled on the 11th March’s budget, is not expected to bother one of it’s biggest payers – Amazon.

The Digital Tax is expected to place a 2% levy on revenue in the UK for tech businesses. The focus will be to target those that which pay little or none at all in corporation tax because their EU HQ’s such as Ireland or Luxembourg.

Amazon has warned they may pass on any potential costs to the independant businesses and traders that use their platform to sell their goods. Most sales on the Amazon Website are actually through small businesses that use the platform.

Amazon France did the very same thing when the French Government introduced a 3% Tax Rate.

“We are very committed to the UK for the long term. We have three R&D sites and two corporate offices. As long as the UK continues to be a place where we get great talent and we have customers to serve, we will continue to be committed.”

Doug Gurr, Amazon UK

Why not check out one of our Entrepreneur Stories?

James Caldwell
Editor for the Business Bible. James took on the role in March 2019 and shares his vast experience of International Business and Trade. James was previously Director of an international events company in Manchester and still remains active in the events industry.
- Advertisment -

Most Popular

MEET THE NORTHWEST ENTREPRENEURIAL MUM & DOMESTIC ABUSE SURVIVOR WHO HAS RAISED OVER £16,000 FOR CHARITY DURING LOCKDOWN BY FESTOONING WITH CELEBRITIES &...

With reports of domestic abuse and violence across genders rising to over 700% since the beginning of lockdown, an entrepreneurial mum of...

Manchester businessman brought in by UN to help solve Iraq’s skills gaps

The United Nations (UN) has turned to a Manchester-based expert in operational management to help the Iraqi government tackle the country’s skills...

Revolutionising Your Morning Brew: Teaching Transparency with Traidcraft Shop

As the original ‘rule breaking’ fair trade wholesaler, Traidcraft is proudly committing two of its single origin coffee blends to the Transparency...

Adverttu Creates NHS Driver Volunteer Support Programme

Unique way to directly help NHS staff, volunteers and other essential workers Adverttu has launched its new NHS Driver...

Recent Comments