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.
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.