Federation of European Publishers calls on EU states to slash VAT on ebooks as long-awaited legislation comes into effect
The FEP celebrated 'VAT day' yesterday as the day when EU member states can 'minimise taxation on reading in all formats.'
From 4 December, EU Member States are allowed to apply reduced rates of VAT, even down to zero, to digital publications. The relevant Council Directive (2018/1713) of 6 November 2018, amending Directive 2006/112/EC as regards rates of value added tax applied to books, newspapers and periodicals, came into force yesterday.
The FEP released a statement to mark the milestone, saying: 'After welcoming the adoption of this fundamental piece of legislation, the Federation of European Publishers would simply like to thank once again all the Member States for their support, as well as all its members for their ceaseless work on this matter.'
Rudy Vanschoonbeek, president of FEP, said: "we want now to encourage all the Member States that have not done so yet to take advantage of this wonderful opportunity and minimise the fiscal burden on reading across the board."
Pictured: Rudy Vanschoonbeek