'VAT on digital publications will be scrapped today (Friday 1st May) after Chancellor fast-tracked the plan, saying it would help readers and publishers during the coronavirus pandemic.
Rishi Sunak first announced the policy in his March Budget, announcing the chage — dubbed the “reading tax” — would end on 1st December.
But he has now said the zero rate of VAT will be brought forward seven months, potentially cutting the cost of a £12 e-book by £2.
He said: “We want to make it as easy as possible for people across the UK to get hold of the books they want whilst they are staying at home and saving lives.
“That is why we have fast tracked plans to scrap VAT on all e-publications, which will make it cheaper for publishers to sell their books, magazines and newspapers.”'
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The Commission has proposed today an ambitious reform of the digital space, a comprehensive set of new rules for all digital services, including social media, online market places, and other online platforms that operate in the European Union:…
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