Government To Review Zero Rate Of VAT On Books
On page 97 of the plan In the VAT section, the text states:
The Government will also examine further rebalancing of the VAT system and zero rated VAT items within the context of wider and ongoing EU level consideration of the matter.
Jean Harrington of Maverick House and President of Publishing Ireland said that it would be, ‘insane to introduce VAT on books especially when we are trying to build a knowledge economy.’ Harrington also aid that VAT on books would \be detrimental for people’s access to books’ and would ‘reduce the numbers of books libraries could buy.’
The 150 page document features a number of other VAT measure including a phased increase to 23% by 2014 which will impact ebook and digital book editions which are already subject to VAT at 21%.