The Chancellor also insisted that his Budget tax cuts and spending hikes were not meant to woo voters ahead of an early poll.
"Indeed, we have cut taxes for 32 million people".
Britain had been leading attempts to reform worldwide corporate tax systems, Hammond said, but progress had been painfully slow and governments could not simply talk forever. This will be a narrowly-targeted tax on the UK-generated revenues of specific digital platform business models. He continued to state that "this is not an online sales tax on goods ordered over the internet".
However, Finance Secretary Derek Mackay said: "According to this Budget, the Scottish Government's resource block grant from the UK Government - the money we are able to invest in day to day public services - remains nearly £2billion lower next year compared with 2010-11".
There is better news on the economy.
The shadow chancellor said on Tuesday the party would respect changes to tax thresholds that would cost £9.5 billion in lost revenue in the next six years.
Labour MP Chuka Umunna told ITV's Peston: "No, I don't think these are the right kinds of things to be basically making a set of income tax changes which primarily benefit high earners".
The Scottish Government's budget will increase by an extra £950 million, the Chancellor has said.
'This Government has prioritised getting people into work because the best way to help people is to provide them with the stability of a pay packet every month, ' said Hammond yesterday.
Amid pressure to back up Mrs May's recent pledge that the end of austerity is in sight, the chancellor announced a £100bn loosening of the purse strings on Monday.
But as the official watchdog, the Office for Budget Responsibility, put it: "The Budget spends the fiscal windfall rather than saving it".
"We will set up a Centre for Excellence to actively manage these contracts in the tax payers interest. and we will go further, I have never signed off a PFI contract as chancellor and I can confirm today that I never will".
"It's clearly not sustainable, or fair, that digital platform businesses can generate substantial value in the United Kingdom without paying tax here in respect of that business", finance minister Philip Hammond said in his annual budget speech on Monday (Oct 29).
A disorderly Brexit "could have severe short-term implications for the economy, the exchange rate, asset prices and the public finances", warned the Government's independent forecaster.