No reduced tax rate for ebooks, top EU court rules

E-books must be subject to the full rate of value-added tax (VAT), and European Union countries may not extend tax exemptions for books to include ebooks, the EU’s highest court ruled Thursday, adding that it considers downloadable ebooks to be services.Most EU member states, with the exception of Bulgaria and Denmark, impose a lower rate of VAT on physical books than on other products and services. The lower rate for books is one of a limited number of exemptions allowed under the EU’s VAT Directive.In January 2012, France lowered the VAT rate on ebooks to 5.5 percent, and Luxembourg to 3 percent, matching the rates they levied on paper books. The European Commission asked the Court of Justice of the European Union (CJEU) to rule that the move breached the VAT Directive.To read this article in full or to leave a comment, please click here Continue reading at 'PC World'

[ PC World | 2015-03-05 00:00:00 UTC ]
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[ The Bookseller | 2011-11-09 00:00:00 UTC ]
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Santa story in first 3D ebook

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[ The Bookseller | 2011-11-07 00:00:00 UTC ]
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Written By: Benedicte Page Publication Date: Fri, 04/11/2011 - 14:36 The High Court ruling on the challenge to library closures in Gloucestershire and Somerset will be given next Wednesday 9th November. The judgment, to be handed down by Judge McKenna at the Royal Courts of Justice in London,... Continue reading at The Bookseller

[ The Bookseller | 2011-11-04 00:00:00 UTC ]
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Penguin's ebook sales double

Written By: Graeme Neill Publication Date: Thu, 03/11/2011 - 09:55 Penguin's ebook sales have more than doubled in the first nine months of 2011, as parent Pearson reported an increase in total sales of 3% and operating profit of 13%. Total sales at Penguin for the nine months to 30th... Continue reading at The Bookseller

[ The Bookseller | 2011-11-03 00:00:00 UTC ]
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Jobs memoir tops bestseller lists

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[ The Bookseller | 2011-11-02 00:00:00 UTC ]
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EUP reports 40% rise in ebook sales

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[ The Bookseller | 2011-10-26 00:00:00 UTC ]
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'PW' Tops 200,000 Twitter Followers

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[ Publishers Weekly | 2011-10-25 00:00:00 UTC ]
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[ AllThingsD | 2011-10-25 00:00:00 UTC ]
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[ The Bookseller | 2011-10-24 00:00:00 UTC ]
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Pratchett's Snuff snaffles top spot with ease

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[ The Bookseller | 2011-10-18 00:00:00 UTC ]
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[ The Bookseller | 2011-10-14 00:00:00 UTC ]
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[ The Bookseller | 2011-10-12 00:00:00 UTC ]
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[ The Bookseller | 2011-10-12 00:00:00 UTC ]
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[ The Bookseller | 2011-10-11 00:00:00 UTC ]
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[ The Bookseller | 2011-10-11 00:00:00 UTC ]
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[ The Bookseller | 2011-10-10 00:00:00 UTC ]
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[ The Bookseller | 2011-10-10 00:00:00 UTC ]
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[ The Bookseller | 2011-10-07 00:00:00 UTC ]
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[ The Bookseller | 2011-10-06 00:00:00 UTC ]
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