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: https://www.gov.uk/government/news/vat-scrapped-on-e-publications