Friday, 1 May 2020

VAT scrapped on E-publications

Plans to scrap VAT on e-publications fast-tracked and will come force into today.

lans to scrap VAT on e-books and e-newspapers have been significantly fast-tracked in a boost to readers and publishers during the coronavirus outbreak, the Chancellor announced yesterday.

Rishi Sunak said the zero rate of VAT will now apply to all e-publications from the 1st May 2020 - seven months ahead of schedule – potentially slashing the cost of a £12 e-book by £2 and e-newspapers subscriptions by up to £25 a year.

Read more information on the HMRC website here:

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