Quote:
Originally Posted by DawnFalcon
Yes, I believe if you're a VAT registered business you have to report your total sales of 0% VAT products, even though there's nothing to pay on them.
|
That's correct. More importantly, if you are VAT-registered but you only sell zero-rated goods, you can still reclaim the tax on all your inputs. Good for bookshops.
Quote:
Originally Posted by DawnFalcon
The UK government is as usual Luddite on eBook VAT...
|
If you are referring to the fact that the UK government charge VAT on eBooks ... well, I dislike that as much as you do, but you can't specifically hold that against the UK. Every other European government does the same.
In fact, the UK is more favourable than most other countries in that it doesn't charge VAT on paper books.