UK announces a 2% unilateral, and temporary, ‘Digital Services Tax’ (DST) on ‘within scope’ revenues linked to UK users – large: ‘social media platforms’, ‘online market places’ and ‘search engines’

Tax Month - November 2018

On UK Budget day: 29 Oct 2018, the UK Government announced that it will unilaterally introduce a 2% digital services tax on the revenues of large digital firms that are linked to users in the UK (whilst continuing to contribute to global consensus on a long term answer to this challenge to the UK tax…

ATO collects share sale data from an additional source – to help ‘prefil’ tax returns and ensure disclosures are correct and complete

Tax Month - November 2018

On 30 October 2018, the ATO posted the following statement on its latest data matching protocol, which will see the ATO continue to receive share data from the Australian Securities and Investment Commission (ASIC). The data includes details of the price, quantity and time of individual trades dating back to 2014, with more than 500 million…