Part of an email I received from Kindle Direct Publishing:
"On January 1, 2015, European Union (EU) tax laws regarding the taxation of digital products (including eBooks) will change: previously, Value Added Tax (VAT) was applied based on the seller’s country – as of January 1st, VAT will be applied based on the buyer’s country.
As a result, starting on January 1st, KDP
authors must set list prices to be inclusive of VAT..."
What does that waffle all mean? Why am I boring you On New year's Eve? Here's why:
"...For example, if an author had previously set
£5.00 as the VAT-exclusive list price for amazon.co.uk, the new VAT-inclusive list price will be £6.00 because the applicable VAT rate in the UK is 20%. "
And to make the matter even more confusing, the tax is different all over the E.U.
In other words, buy your books now, my lovelies before the new tax law kicks in. X
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