On September 16, 2020, the UK Government issued a Policy Paper setting out the interest rates for over and under payments of Digital Services Tax (DST) liabilities.
The interest rate applicable to the payment of a DST liability paid before its required due date will be the reference rate less 0.25%, or 0.5% if greater. The interest rate applicable to the repayment of a DST liability that is overpaid on or after its required due date will be the reference rate less 1%, or 0.5% if greater. The interest rate applicable when there is an underpayment of the DST liability will be the reference rate plus 2.5%. The changes would come into force from October 14, 2020. See Policy Paper Comments are closed.
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February 2021
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