COVID-19: VAT update
VAT on E- Publications
The Government announced on 30th April 2020 that it would bring forward the date that standard rate VAT would be removed from E – publications including newspapers, magazines and newsletters.
From 1st May 2020 sales of E – Publications will be zero rated.
This change does not just effect publishers of E – books and newspapers but will also benefit other sectors such as charities who provide supporters with E newsletters and other publications as part of a membership subscription.
Temporary relief from VAT on personal protective equipment (PPE)
The supply of PPE is normally subject to VAT at the standard rate.
The Government has announced today a temporary relief from VAT on the supply of PPE equipment in the period 1st May – 31st July 2020.
In this period supplies of PPE will be VAT zero rated.
The relief will be of particular benefit to businesses in the medical services, charity and care homes sectors who more often than not are not in a position to reclaim VAT charged on their purchases.