Quote:
Originally Posted by jswinden
FYI, I heard that next year companies like Amazon and Apple will have to charge a higher VAT in the UK that might raise purchases by up to 20%. Something about the UK closing a VAT loop hole wherein some companies were selling through other countries where the VAT was as low as 3%.
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Only applies to ebooks and MP3s, Jack. At the moment they're being charged at the Luxembourg VAT rate of 3%. From 1st Jan 2015, all "downloaded" purchases have to charge the VAT rate of the customer, not the supplier. Physical goods already are. Doesn't just affect the UK; it will apply in all EU countries.