Government will abolish the 20% 'reading tax'

Rishi Sunak confirmed ebooks and online newspapers will no longer be subjected to sales tax The government will abolish the 20% “reading tax” on ebooks and online newspapers from December, although it is unclear whether publishers will pass the full saving on to customers.Printed books and newspapers have always been zero-rated for VAT but until now their digital equivalents – such as books from Amazon’s Kindle service or online subscriptions to news websites such as the Times or the Guardian – have been subject to the sales tax. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2020-03-11 19:46:19 UTC ]
News tagged with: #ebooks #kindle #news websites #online subscriptions #kindle service #digital equivalents #full saving #sales tax #reading tax #online newspapers #printed books

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