Government should accept new EU VAT rules on E-publications – Hayes
Cost of electronic schoolbooks, E-books and online newspapers can become significantly cheaper
Fine Gael MEP, Brian Hayes has today (Thursday) called on the Government to reduce the VAT on electronic schoolbooks, E-books and online newspapers. The Dublin MEP was speaking after the European Parliament voted to change EU VAT law. The new rules will now give Member States the option to apply 0% VAT to e-books and electronic newspapers.
“Currently, any E-publications must be taxed at the standard VAT rate of the Member State. In Ireland, this rate is 23%. The new rules means that the Government will soon have the option to reduce VAT on all electronic books including schoolbooks and online newspapers. This will bring the publications in line with their printed equivalent.”
“I welcome the outcome of today’s decision. It makes no sense to apply a double standard whereby a newspaper online is taxed higher than a printed one you buy in the shops. This new rules will make it easier for authors, publishers and booksellers to make full use of this new way of reaching the public.”
“I believe the Government should accept the new rules and introduce the reduced VAT rate in October’s budget. The decision to amend the VAT rules for e-publications is part of the commitments made by the European Commission in the Digital Single Market Strategy,” concluded MEP Hayes.