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: #printed books #reading tax #sales tax #online subscriptions #news websites #kindle #ebooks

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[ Publishing Perspectives | 2013-03-12 00:00:00 UTC ]
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[ Fast Company | 2013-02-28 00:00:00 UTC ]
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[ Publishing Perspectives | 2013-02-19 00:00:00 UTC ]
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[ The Bookseller | 2013-02-14 00:00:00 UTC ]
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[ AllThingsD | 2013-02-12 00:00:00 UTC ]
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[ The Bookseller | 2013-02-04 00:00:00 UTC ]
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