Source Code

What matters in tech, in your inbox every morning.

Cloud

Your inside guide to the future of enterprise computing.

Bulletins

The UK’s new digital tax starts in April.

The U.K. government has confirmed that it will levy a 2% tax on "the revenues of search engines, social media services and online marketplaces, which derive value from U.K. users" starting from April 1.


Companies with global revenue of over £500 million (or about $650 million), where more than £25 million is derived from U.K. users, will be charged the tax. The policy is strongly opposed by the U.S. government.

Latest Stories