Complying with the U.K. digital services tax could bring legal and technical headaches in a time of crisis, tax practitioners warn, because Parliament has not yet been able to give its final approval.
The measure—which was supposed to go into force Wednesday—applies a 2% tax to revenue from social media platforms, search engines, and online marketplaces. It is aimed at companies with global digital revenue of at least 500 million pounds ($580 million) and 25 million pounds of U.K. digital sales and will likely hit tech giants like Facebook.com and Amazon.com Inc.
The tax was included in the U.K.'s Finance ...
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