Amazon's VAT windfall

From 1 May, bringing forward a plan originally scheduled for the end of the year, the Government has removed VAT from e-books. It was a change lobbied for by many writers, as well as the big publishers. They rallied under the stirring slogan ‘No Tax on Learning’. This is a good thing, surely, for authors and readers, making our books more affordable in these troubled times? A 99p e-book should go down to 83p. A £4.99 book will be £4.16. The reader benefits, the author benefits, the publishers benefit. Cool, eh? No, not cool. Continue reading at 'The Bookseller'

[ The Bookseller | 2020-05-04 08:40:06 UTC ]
News tagged with: #vat windfall #bringing forward #big publishers #good thing #troubled times #e-book

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Amazon 2018 sales hit $232.9bn as retailer enjoys record fourth quarter

Amazon's 2018 sales increased  31% to $232.9bn as the online giant revealed a record $72bn revenue for the fourth quarter, in its latest financial results.  Continue reading at The Bookseller

[ The Bookseller | 2019-02-02 00:00:00 UTC ]
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Amazon's 2018 Sales Topped $232 Billion

The giant company's sales increased 31% in 2018 over 2017, and its operating income tripled to $12.4 billion. Among the many reasons cited for the big 2018 financial gains was the performance of Amazon’s third-party sellers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-02-01 00:00:00 UTC ]
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Amazon assembles a high-profile cast for low-key superhero series

Amazon has recruited a glitzy crew of Hollywood stars for its animated superhero show Invincible, based on the eponymous comic book co-created by The Walking Dead scribe Robert Kirkman. Leading the voice cast is TV's The Walking Dead alum Steven Yuen... Continue reading at Engadget

[ Engadget | 2019-02-01 00:00:00 UTC ]
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New Amazon Crossing Kids: Translating Picture Books Into English

Translations from Portuguese, German, and Italian open the new imprint from Amazon Publishing. Releases in July, September, October. The post New Amazon Crossing Kids: Translating Picture Books Into English appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-01-26 00:00:00 UTC ]
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Amazon Fire TV Stick now comes with Alexa Voice Remote at same affordable price

Amazon founder and CEO Jeff Bezos may be having a difficult time in his personal life right now, but professionally, the multi-billionaire is doing phenomenally. Amazon's stock is through the roof, and  there seems to be no slowing down the online retailer. Long gone are the days when the... Continue reading at Betanews

[ Betanews | 2019-01-16 00:00:00 UTC ]
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Amazon hits back at claims it is to blame for falling author earnings

Retailer insists Authors Guild report that criticised the online giant for contributing to tumbling writers’ incomes used flawed figures, but Guild stands by findingsAmazon has called the conclusions of a recent report into US author earnings flawed, after the Authors Guild suggested that the... Continue reading at The Guardian

[ The Guardian | 2019-01-16 00:00:00 UTC ]
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BA says Amazon ‘gaming system’ as £63m business rates bill revealed

The Bookseller's Assocation has warned Amazon is "gaming the system" and branded the business rates regime "unfair" yet again after it emerged the online retail giant paid £63m in business rates despite recording £8bn in UK sales. Continue reading at The Bookseller

[ The Bookseller | 2019-01-10 00:00:00 UTC ]
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Amazon UK brings in ebook gifting

Amazon.co.uk has brought in a 'Buy for others' option on the detail page for Kindle books to allow people to gift ebooks. Continue reading at The Bookseller

[ The Bookseller | 2018-12-25 00:00:00 UTC ]
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Amazon's Lake Union to publish up-lit debut Oliver Clock

Amazon Publishing's Lake Union imprint has won an auction to publish debut author Jane Riley's "uplifting, feel-good" novel The Likely Resolutions of Oliver Clock. Continue reading at The Bookseller

[ The Bookseller | 2018-12-22 00:00:00 UTC ]
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Authors Newman and Coe urge readers to turn to high street after stock delays at 'Scrooge' Amazon

Authors Cathy Newman and Jonathan Coe have urged customers to take their business to the high street this Christmas season after suffering stock shortages of their titles on Amazon.co.uk. Continue reading at The Bookseller

[ The Bookseller | 2018-12-21 00:00:00 UTC ]
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Amazon takes on textbook counterfeiting in 'sting operation'

Amazon is tackling sales of counterfeit textbooks on its US site after suspending the accounts of booksellers allegedly selling counterfeit books in a major online sting. Continue reading at The Bookseller

[ The Bookseller | 2018-12-18 00:00:00 UTC ]
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'Axe the reading tax': book industry demands end to VAT on ebooks

Following EU directive that allows governments to waive duty on digital publications, calls grow for the UK to end ‘illogical and unfair’ levyThe UK government is being urged to axe the “illogical and unfair” 20% tax currently imposed on ebooks, while print books remain exempt, after European... Continue reading at The Guardian

[ The Guardian | 2018-12-05 00:00:00 UTC ]
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In Québec, a Literary Prize Is Suspended Over Objections to Amazon Sponsorship

Raising concerns about damage to a 'fragile ecosystem,' authors shortlisted for Québec's Prix littéraire des collégiens objected to the announcement that Amazon had become the prize's main sponsor. The post In Québec, a Literary Prize Is Suspended Over Objections to Amazon Sponsorship appeared... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-11-21 00:00:00 UTC ]
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Amazon is now taking a 30 percent cut of ad sales from Fire TV

Amazon is taking a bigger piece of ad sales on Fire TV, its connected TV devices, by requiring TV networks and digital publishers to hand over 30 percent of their commercial space for it to sell, according to new terms from the e-commerce giant.Until last month, Amazon let the publishers sell... Continue reading at Advertising Age

[ Advertising Age | 2018-11-20 00:00:00 UTC ]
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Amazon Picks NYC, Arlington, Va., as New HQ Sites

Amazon said it will begin hiring for its new headquarters in New York City and Arlington, Va., in 2019. The company is also opening a operations center in Nashville. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-11-13 00:00:00 UTC ]
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After Protest, Booksellers Are Victorious Against Amazon Subsidiary

Browsing through books at the New York Antiquarian Book Fair in 2013. Antiquarian booksellers this week protested a decision by the Amazon subsidiary AbeBooks to cut off stores in five countries. Continue reading at The New York Times

[ The New York Times | 2018-11-08 00:00:00 UTC ]
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Amazon May Split Second Headquarters

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[ Publishers Weekly | 2018-11-06 00:00:00 UTC ]
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Chancellor confirms cut to business rates, schedules 'Amazon tax' for 2020

The Chancellor Philip Hammond has confirmed a tax cut to business rates of one third for all retailers in England with a rateable value of £51,000 or less. The measure will last for the next two years, until the next re-evaluation of rateable values in 2021. Hammond told the House of Commons... Continue reading at The Bookseller

[ The Bookseller | 2018-10-30 00:00:00 UTC ]
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Amazon Profits Soar Again, Despite Disappointing Sales

Although sales rose 29% in the third quarter (ended September 30) over the comparable period a year ago, investors had expected more rapid growth. Still, profits jumped to $2.9 billion, up from earnings of $256 million a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-24 00:00:00 UTC ]
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Strong economic case for taking VAT off digital publications, report finds

A report conducted by consultancy Frontier Economics has found a "strong" economic case for taking VAT off digital publications in the UK, as permitted under newly agreed European Union rules. Continue reading at The Bookseller

[ The Bookseller | 2018-10-21 00:00:00 UTC ]
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