Electronic Publishing: Taxation
(asked on 24th February 2020) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what revenue has accrued to the public purse from taxation on the purchase of digital books.
This question was answered on 3rd March 2020
The details that HM Revenue and Customs (HMRC) collect from taxpayers on their VAT returns do not provide enough detail to be able to quantify precisely the revenue raised from these supplies. HMRC do not require detail on particular products and customer types because it would place a considerable administrative burden on businesses.
The details that HM Revenue and Customs (HMRC) collect from taxpayers on their VAT returns do not provide enough detail to be able to quantify precisely the revenue raised from these supplies. HMRC do not require detail on particular products and customer types because it would place a considerable administrative burden on businesses.