The UK is aiming for a multilateral global tax deal on digital services to take effect by 2027, while keeping its domestic levy on tech companies in place until then.
The government has “revised the target implementation date” for the OECD-negotiated agreement—Pillar One of the body’s two-part global tax reform—to 2027, pushed back from an original 2024 target. The update was included in a Treasury Minutes response by His Majesty’s Revenue and Customs to Parliament released Thursday.
“In the meantime,” the digital services tax “remains in operation.” It raised over £800 million ($1.1 billion) in receipts in 2024-25, HMRC ...
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