Home » , » Government will abolish the 20% 'reading tax'

Government will abolish the 20% 'reading tax'

Written By Unknown on Wednesday, March 11, 2020 | 4:16 PM

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...

0 comments:

Post a Comment