UK Based Global VAT and Tax Consultants

UK- No VAT On e-Publications for UK Effective 1st May 2020

HMRC has scrapped VAT  off all e-publications from the Current 20% down to 0% in an effort to make reading more accessible for UK citizens while in self-isolation due to the Coronavirus. HMRC fast-tracked the motion and implemented it seven months ahead of schedule.  The chancellor Rishi Sunak 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.’