Art Business Info: NEWS
about art for artists
The UK Government has scrapped VAT on all e-publications.
(This post only applies to those artists operating in the UK).
This had been promised for implementation in December. However, on 30 April, the government published VAT scrapped on E-publications which introduced the change to zero rate e-publications on 1 May 2020.
This has been prompted by the current coronavirus crisis and the huge increase in the consumption of e-books.
In the 2020 Budget the Government stated that it would introduce legislation to apply a zero rate of VAT to e-publications from 1 December 2020, but subsequently announced the zero rate would apply from 1 May.
What does scrapping VAT on digital publications mean?
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Katherine Tyrrell writes about art, artists and the art business and has followers all over the world. She also delivers workshops for art organisations and reviews websites and career strategies for artists.
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