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Written Question
Electronic Publishing: VAT
Monday 8th December 2014

Asked by: Elfyn Llwyd (Plaid Cymru - Dwyfor Meirionnydd)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the total revenue from taxation levied on e-books, digital magazines and digital newspapers in each of the last three years; and what estimate he has made of the further revenue that will accrue from the forthcoming changes to VAT place of supply rules on those products from 1 January 2015.

Answered by David Gauke

No reliable estimate has been possible for the total revenue from VAT levied on e-books in each of the last three years. HMRC estimates that additional revenues as a result of the change to the VAT place of supply rules for telecommunications, broadcasting and e-services for years 2014-15 and 2015-16 will be £70m and £300m respectively.