Tax on digital products? - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

Tax on digital products?

deathtrap3000 Avatar
8y, 1m agoPosted 8 years, 1 month ago
I was just wondering if there is any government taxation on digital products.

For example, if I bought a game on my xbox, or bought a mp3 track from a website like amazon or play, would the government see any of that money??
deathtrap3000 Avatar
8y, 1m agoPosted 8 years, 1 month ago
Options

All Comments

(4) Jump to unreadPost a comment
Comments/page:
#1
the gov't has and always'll get your money
#2
If you earnt the money the government would have already charged you income tax and national insurance on it.

If you inherited it they would have charged you inheritance tax.

If you earnt it through interest they would have taxed it (apart from an ISA)

On the goods you are buying the company would have to of paid import tax and then they will be taxed on any profit.

Dont forget about good old VAT also.
#3
yep.. VAT on a £30 game is about £4.47
banned#4
Depends which country the company is located in.

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!