Spring Statement 2018- PwC comments on the Government inching towards another new tax on digital business

Mar 13, 2018

Start adding items to your reading lists:
Save this item to:
This item has been saved to your reading list.

Commenting on the taxation of digital businesses, Stella Amiss, head of tax policy at PwC, said:


“The Government is inching towards introducing yet another new tax on digital business. While not being drawn on a final position, the Chancellor has published their current thinking, fuelled by a concern that maintaining the status quo will further undermine trust in the corporate tax system.


“On the one hand the Government says international agreement is essential, but the raft of options published today suggest there is a way to go if the government is to avoid confusion, double taxation and undermining the Chancellor's ambition to deliver an open and outward looking economy.


“The Chancellor has reiterated that a short-term measure, likely to be tax on revenues, will be needed pending an agreement on the long-term solution.”



About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2016 PwC. All rights reserved

Contact us

Richard Pain
Manager, media relations, PwC United Kingdom
Tel: +44 (0) 7841 071 907

Follow us