UK to charge 2% tax on digital services

United Kingdom recently announced that it would start charging a 2% tax on digital services from 1st April this year.

The tax is to be imposed on revenue from digital services such as search and advertising. This tax will apply to firms with global sales of more than £500 million with at least £25 million from UK users. This decision of the government has been facing continuous opposition from the US government and top technological firms.