Written Question·Treasury·UIN 16010
Audiobooks: VAT
Tabled: 25 November 2024
Answered: 3 December 2024
Question
Victoria Collins
Liberal Democrat — Harpenden and Berkhamsted
To ask the Chancellor of the Exchequer, whether her Department plans to remove VAT on audiobooks.
Answer
James MurrayThere are no current plans to remove VAT on audiobooks. VAT is a broad-based tax on consumption, and the 20 per cent standard rate applies to most goods and services. VAT is the UK’s second largest tax, forecast to raise £171 billion in 2024/25. Tax break...
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