Do magazine subscriptions have VAT?

Is there VAT on magazine subscriptions?

Chancellor Rishi Sunak has announced the 20% tax on e-books and online newspapers, magazines and journals will be abolished on 1 December. … Physical books and periodicals are already exempt.

Is there VAT on magazine subscriptions UK?

A list of goods and services showing which rates of VAT apply and which items are exempt or outside the scope of VAT.


Goods or services VAT rate More information
Magazines 0% VAT Notice 701/10
Newspapers 0% VAT Notice 701/10
Printed or copied music 0% VAT Notice 701/10

Do Subscriptions include VAT?


If your members pay a subscription to obtain or gain entitlement to any substantive benefits of membership, you must calculate the VAT due on the total amount of the subscription as set out in section 4. The VAT liability of subscriptions depends on the liability of the membership benefits you supply in return.

Are subscriptions VAT exempt?

Subscriptions that can be treated as VAT exempt include those charged by professional bodies, learned societies, trade unions, political parties and philanthropic organisations. HMRC interpret these categories narrowly. For example, they hold to a very traditional view of what constitutes a profession.

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Is there VAT on online subscriptions?

Therefore businesses who sell apps such as smartphone games, ebooks, online gaming businesses, streaming services and digital access to products that are subscribed to, are considered digital services for VAT purposes.

What items are exempt from VAT?

Items that are VAT exempt in the UK

  • Some food and drink. Most food and drink for human consumption is VAT exempt, but there are some important exceptions. …
  • Children’s clothes. …
  • Publications. …
  • Some medical supplies and equipment. …
  • Charity shop goods. …
  • Antiques. …
  • Some admission charges. …
  • Gambling.

Is there VAT on furniture in UK?

All advertised prices for Tough Furniture are net of VAT which must be added at the prevailing rate. However some products can be supplied with a VAT exemption if certain conditions are met (see below).

Can I claim VAT on professional subscriptions?

HMRC say you can reclaim tax on fees or subscriptions paid to professional organisations that have been approved by HMRC. In order to be eligible, the membership you pay for must be necessary for you to do your job or if it is helpful to your work.

Do football clubs pay VAT?

Registered football clubs charge VAT on their standard rated supplies (see ‘Categories of income) and are entitled to recovery of VAT charged on supplies to them (see ‘Recovery of VAT on expenditure’) resulting in net payments to, or repayments from Customs.

What is the VAT threshold for 2021?

The VAT threshold currently stands at £85,000 for 2021/22 tax year in the United Kingdom. You must register with HMRC if your VATable turnover trips the threshold for Value Added Tax. Remember, these sales tax thresholds operate on a rolling 12-month period.

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Is AA membership VAT exempt?

A spokesman for the AA says: “There is no VAT on AA membership, so receipts aren’t issued as standard. You are not content with this response, as the AA is not willing to change its policy of charging for receipts other than where charges are waived as a goodwill gesture. …

Do charities pay VAT?

A charity will pay VAT on all standard-rated or reduced-rated goods and services they buy from VAT-registered businesses. VAT-registered businesses can sell certain goods and services to charities at the reduced rate or zero rate. See section 6 for more information.