Vat On Ebooks Uk
We will be pressing for publishers and.
Vat on ebooks uk. Yes the uk has the equivalent of what in the usa would be a 25 national sales tax print books had a 0 vat rate due to an elitist and archaic belief that books were unique cultural objects. Government s treasury has today announced that starting may 1 it ll drop its value added tax vat on digital publications. View profile and articles.
The decision to scrap vat on online publications follows a long running campaign by book publishers and newspapers led by news uk publisher of the times. However the exact definition of an. Bringing forward the zero rating of vat on ebooks to 1 may comes at a critical time for publishers booksellers authors and the readers who enjoy their work.
Under the old rules no vat was collected on print books sold in the uk while 20 of the price of an ebook was paid to the uk government.