Asked by: David Amess (Conservative - Southend West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps he plans to take following the passage of EU Directive 2006/112/EC on the rates of value added tax applied to books, newspapers and periodicals.
Answered by Mel Stride - Shadow Chancellor of the Exchequer
Value Added Tax (VAT) generates over £120 billion each year for our vital public services. With this in mind, any amendments to the VAT regime as it applies to physical and digital publications must be carefully assessed against policy, economic and fiscal considerations.
HM Treasury officials have discussed EU Directive 2006/112 in the usual UK and EU fora. In respect of EU legislative changes relating to physical and digital publications, HM Treasury has received representations from the industry and discussed the matter at official level with the Department for Digital, Culture, Media and Sport.
Asked by: David Amess (Conservative - Southend West)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent discussions his Department has had and with whom on (a) EU Directive 2006/112/EC and (b) the UK VAT regime on print and digital publications.
Answered by Mel Stride - Shadow Chancellor of the Exchequer
Value Added Tax (VAT) generates over £120 billion each year for our vital public services. With this in mind, any amendments to the VAT regime as it applies to physical and digital publications must be carefully assessed against policy, economic and fiscal considerations.
HM Treasury officials have discussed EU Directive 2006/112 in the usual UK and EU fora. In respect of EU legislative changes relating to physical and digital publications, HM Treasury has received representations from the industry and discussed the matter at official level with the Department for Digital, Culture, Media and Sport.
Asked by: David Amess (Conservative - Southend West)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether he has made an assessment of the effect on the public purse of equalising at zero the VAT rate for e-publications and print publications; and if he will make a statement.
Answered by Mel Stride - Shadow Chancellor of the Exchequer
Under EU law, a standard rate of VAT must be applied to e-publications. Although Member States are discussing a legislative proposal to allow the application of a zero rate of VAT to e-publications, this is yet to be agreed.
Asked by: David Amess (Conservative - Southend West)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether he has made an assessment of the effect on the public purse of reducing the rate of VAT on on e-books, digital newspapers and magazines and other e-publications; and if he will make a statement.
Answered by Mel Stride - Shadow Chancellor of the Exchequer
Under EU law, a standard rate of VAT must be applied to e-publications. Although Member States are discussing a legislative proposal to allow the application of a zero rate of VAT to e-publications, this is yet to be agreed.