The UK has just passed a resolution that will eliminate all VAT on ebooks and digital newspapers on December 1st 2020. The old 20% tax on these types of content will be completely abolished, but for some reason audiobooks will still be charged the old tax rate. Physical books and periodicals have been exempt for a very long time. In October 2018, the EU allowed member states … [Read more...] about The United Kingdom is getting rid of Tax on ebooks
UK VAT
Amazon Benefits from Higher VAT in the UK for eBooks
Parliament in the United Kingdom recently convened to discuss the issue of lowering the VAT on ebooks sold in the country. Many publishing companies wanted to lower the 20% extra people pay for their digital ebooks. A few days ago they again decided not to reduce the fee, which is a boon for Amazon. The Bookseller reports David Gauke, the UK’s exchequer secretary, said the UK … [Read more...] about Amazon Benefits from Higher VAT in the UK for eBooks