Thread: Britain INCREASES tax on ebooks
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Old 06-23-2010, 04:52 PM   #46
tneken
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Posts: 18
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Join Date: Mar 2009
Location: Denmark
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Quote:
Originally Posted by HarryT View Post
This is a highly misleading announcement.

What has happened, in case anyone isn't aware, is that it today's budget the new government has announced that, from 4th Jan 2011, the VAT rate is going to rise from the current 17.5% to 20% (which is pretty much in line with the rest of the EU). Given that eBooks and audiobooks are subject to the standard rate of VAT, naturally they will also be charged VAT at 20%.
Well here in Denmark the VAt is 25% on everything (including biscuits, oranges and books) so lucky you. Thats why people sometimes drive 200km to shop in the stores just on the other side of the danish/german border
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