Following the announcement that VAT on digital books, journals and newspapers will be zero-rated from 1 December 2020, find our comment below.
Stephen Lotinga, CEO of the Publishers Association, said:
“We are delighted that the Government has decided to zero-rate VAT on digital books and journals in the Budget. It’s fantastic that the Chancellor has acknowledged the value of reading. The decision to axe the reading tax will bring an end to the illogical and unfair tax on those who need or prefer to read digitally and should contribute to an increase in literacy in the UK. We want to thank all the parliamentarians, organisations and individuals who have supported this campaign and helped make the case for change – we look forward to continuing the important work of making reading accessible for all.”