
Budget 2020: VAT on e-books and newspapers scrapped
Chancellor Rishi Sunak has announced the 20% tax on e-books and online newspapers, magazines and journals will be abolished on 1 December.But the BBC has learned that it will not apply to audiobooks, something that the Royal National Institute said was "disappointing".A letter calling for the tax to be axed was signed by more than 600 authors and presented to Parliament in October.Physical books and periodicals are already exempt. Media playback is unsupported on your device In October 2018, the EU allowed member states drop sales taxes on electronic publications and many countries have already made the changes."The government expects the publishing industry, including e-booksellers, ...