VAT scrapped on E-publications - GOV.UK
peter.suber's bookmarks 2020-05-01
Summary:
"Plans to scrap VAT on e-books and e-newspapers have been significantly fast-tracked in a boost to readers and publishers during the coronavirus outbreak, the Chancellor announced today.
Rishi Sunak said the zero rate of VAT will now apply to all e-publications from tomorrow (1 May 2020) - seven months ahead of schedule – potentially slashing the cost of a £12 e-book by £2 and e-newspapers subscriptions by up to £25 a year.
In support of the print newspaper industry, the government has also announced it will be spending up to £35 million on newspaper advertising over the next 3 months as part of its Covid-19 communications campaign to ensure the whole UK is aware of the latest government guidance and advice...."