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UK Government Considering Social Media Levy

by Jason Gorringe, Tax-news.com, London

11 October 2017


The UK Government is considering introducing a levy on social media companies to fund "awareness and preventative activity to counter internet harms."

In a consultation published October 10, the Government said the measure would be similar to the contribution received from gambling services provider, although the gaming industry makes only voluntary contributions currently.

"Some companies have already invested heavily to improve the online safety of their users, including through supporting end-user and civil society groups," the consultation said. "However, we believe that more needs to be done and that it is right that all companies should be involved and encouraged to play their part."

The consultation insisted that the levy "will not be a new tax on social media" and would take into account both new initiatives proposed in this strategy and existing programs.

"As we develop plans for the levy's delivery, we will seek to ensure that it is proportionate and does not stifle growth or innovation, particularly for smaller companies and startups," it said. "And we will make sure it does not disincentivize tech companies investing in the UK."

The consultation period ends on December 7.

TAGS: tax | law | United Kingdom | internet | legislation | tax reform

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