Mar 11, 2020

Budget 2020: VAT on e-books and newspapers scrapped

The Publishers' Association had called it "Unfair and illogical". "The government expects the publishing industry, including e-booksellers, to pass on the benefit of this relief to consumers," the Budget states. Publisher 404 Ink tweeted the "Huge" decision would allow it to sell e-books from its website again. Jim Waterson, media editor at the Guardian newspaper, estimated the move could benefit News UK - publisher of the Sun and Times papers - by £20m, if it kept the cost to consumers the same rather than passing on the saving to subscribers. A 2018 report by the Publishers' Association estimated universities, libraries, government departments and the NHS would save up to £55m a year as a result of ditching VAT on digital publications.

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