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2020AFOEbooks20VAT700-min

A lot has happened since we posted our piece on the Upper Tax Tribunal and its judgment on VAT exclusions for digital editions - in particular news-related offerings. In fact Chancellor Rishi Sunak has brought forward the new legislation and HMRC changes a lot earlier - considering the hit publishers have been taking during this pandemic.

 

Effective Today 1st of May - Publishers no longer need to pay 20% VAT on the sale of any Digital Edition. As defined largely by the recent Tribunal -...

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2020AfBlgDigitalNewsTax700

News Corp has been involved in an ongoing case with the HMRC concerning tax liabilities and possible rebates in relation to the application and interpretation of the 1994 VAT Act - which defines how News Publications / Newsprint Editions are exempt from VAT. As this law came into being right at the start of the internet - it did not really properly or specifically target the arrival of Digital News Publications and Editions.

 

The lack of clarity in the legal definitions meant that the ...

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2013 PPA Digital Publishing Awards - Procurement Leaders awarded Business Media Digital Brand of the Year

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