Response to European Commission consultation on e-publications
Across the EU, most printed books, newspapers, periodicals etc. are currently subject to reduced or even zero rate of VAT. In recent years, such publications have increasingly turned to digital mediums to meet consumer demand, and now many enjoy e-books and e-newspapers rather than a physical copy.
However, within EU VAT legislation, there is no possibility for a reduced or zero rate to apply to such products, which many view as unfair as the content mirrors that of their physical counterparts.
The European Commision has recently looked into this issue and has now documented the responses it received to this. The key take away from this document is that 94% of respondents felt that e-books should attract a reduced or zero rate, and 88% felt the same for e-newspapers. Clearly, campaigns within the industry appear to be working, and we now await an official response from the Commission.