Your business must register for the DST if it provides a social media platform, search engine, or online marketplace to UK users, and it is anticipated that both the following thresholds will be exceeded by your worldwide group.
Thresholds:
global revenues of more than £500 million in a year; and
UK revenues of more than £25 million in a year
If there are any uncertainties regarding whether or not these thresholds will be exceeded, HMRC advises registering to ensure that no penalties are raised. A nil return may subsequently be filed if the thresholds are not breached.
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