AUDIO BOOKSELLERS WILL HAVE TO WAIT THREE YEARS FOR VAT REDUCTION

BY KEITH NUTHALL

SELLERS of audio books toasting European Commission proposals that they be subject to reduced rate VAT must wait until January 2011 to cut their prices. That is the date the proposed change in European Union (EU) VAT directive covering audio books would come into force, and it would still need writing into national statute books.

This assumes that there are no problems with the approval by the European Parliament and the EU Council of Ministers of the proposal - part of a comprehensive legislative package of EU VAT ...


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