EU under pressure over VAT on e-publishing

Reed Elsevier clocked electronic information sales of more than £1bn in 2001 and argues that it should not be liable for VAT on the grounds that similar material published in newspapers, magazines or books is zero-rated, the FT reported today.

It also believes the decision to charge VAT on e-goods is holding back the EU releasing new technology for treating paid for information.

VAT is not charged on electronic items sold in the US and Asia.

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