Amazon to cut price of its ebooks to reflect removal of VAT

Chancellor drops 20% levy on online news subscriptions and books as industry strugglesAmazon has confirmed it will cut the price of its Kindle ebooks from Friday, after the government announced it would bring forward plans to stop charging VAT on online publications because of the pandemic.The decision to remove the 20% VAT charged on online news subscriptions and books will bring them in line with their physical equivalents, which have always been zero-rated. Amazon said customers would very shortly start to notice the change, which will see the cost a £10 ebook reduced to £8.33. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2020-04-30 18:11:42 UTC ]
News tagged with: #cut price #kindle ebooks #reflect removal #industry strugglesamazon #government announced #online publications #physical equivalents #shortly start #kindle #ebooks

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