Outdated tax on digital publications costs £210 million a year and stunts growth
Axing VAT on digital publications could save UK consumers up to £210million and raise demand for epublications, according to new independent research released today that finds “a strong case” for zero-rating. UK readers currently pay 20% more in VAT for ebooks, ejournals, digital magazines and online newspaper subscriptions than their identical printed equivalents, which have…