UK Parliment push to lower tax on ebooks

There's a growing movement in the UK House of Parliment to lower the tax on ebooks since VAT (Value Added Tax) was raised last month (from 17.5% to 20%). So far 42 MPs have signed on with Glasgow Labour MP Tom Harris to reduce the VAT on ebooks to that of paper books.

The UK  are one of a number of countries in the EU to classify ebooks as software and not books. I checked, adn there are actually only a few that give ebooks the same lower VAT as paper books. In Spain, for example, ebooks are taxed at the same rate as paper books, which means they inherently cost less than the same ebook would in the UK. This give Spain a competitve advantage.

via Computing.co.uk

image via Destinys Agent

About Nate Hoffelder (11598 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader:"I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

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