How much UK tax should Google pay?
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"Just for fun we MJH Accountancy have dug up the latest information to allow us to estimate how much tax Google would pay HMRC if all UK revenues were booked through it's UK business."
Might be fun but what's the point?
What UK tax would be lost if British companies which exported were booked overseas?
How much tax would Google pay if it were 100% based in the UK and booked everything here?
"The other eye-catching number was that google employees were paid on average £234,000."
And if it paid them a lot less it would pay more corporation tax but a lot less income tax and NIC would be collected.
"Digital Services tax was introduced by HMRC on 1st April 2020. 2% tax will be levied on Google revenue generated from UK customers."
Most likely the 2% will be passed on to customers and so customers will end up paying. That's what Amazon (or was it eBay?) did in France. Not a lot of fun for us.....
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