The UK National Audit Office recently published a report on HMRC's implementation of the Digital Services Tax (DST). The DST was introduced in April 2020 and is planned to be retired once Pillar 1 of the OECD's two-pillar solution is introduced in the UK. Some of the key findings of the report are as follows:
HM Revenue & Customs (HMRC) received GBP 358 million in DST receipts for the 2020-21 tax year, which was 30% more than forecast. HMRC's initial forecast, in July 2019, expected DS…