Budget

UK announces digital services tax for large tech firms

Under the measures announced in the 2018 UK Budget, chancellor of the exchequer Philip Hammond revealed that a digital services tax (DST) is to be introduced in 2020. The new tax will force larger digital businesses such as Google, Facebook and Amazon to pay tax on UK-generated sales.

The move is designed as an interim measure, pending global reform, to make sure that the corporate tax system is ‘sustainable and fair across different types of businesses’. It is predicted that the tax could raise £1.5 billion over four years.

UK government commits £200 million to rural fibre broadband

UK chancellor of the exchequer, Philip Hammond, confirmed in the 2018 budget report that £200 million will be allocated to fund full fibre broadband connections in harder-to-reach and rural areas across the UK. This will allow for testing of new approaches to fibre rollout in rural areas, with the Borderlands, Cornwall, and Welsh valleys said to be amongst the first areas to benefit.

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