Digital downloads including App Store and iTunes purchases are due to see a tax increase in the U.K. under new laws next year, The Guardian reports. A new budget would force Apple and others to charge a 20 percent tax rate on such downloads. The budget closes a tax loophole that currently allows digital downloads to be taxed through other countries, with the tax rate sometimes dropping as low as three percent. Barring any changes, the new law is set to go into effect January 1, 2015.
UK digital download taxes could increase in 2015
By Phil Dzikiy
Phil Dzikiy
Phil Dzikiy was the Editor-in-Cheif at iLounge. He mostly edited and oversaw all site editorial content, managed staff and freelancers, made the final call on product review grades and awards, and led online coverage of all Apple events and live coverage of the International CES in 2015.