November 25, 2024
iTunes Store and App Store Prices Could Increase Up to 20% in the U.K.

iTunes Store and App Store Prices Could Increase Up to 20% in the U.K.

Posted March 24, 2014 at 2:18pm by iClarified
iTunes Store and App Store prices could increase up to 20% in the U.K. due to a new law set to be implemented in this year's finance bill, reports The Guardian.

Chancellor George Osborne is aiming to close a tax loophole that allowed companies to charge online customers VAT at low foreign rates. At the moment, web firms such as Apple and Amazon are selling digital downloads through countries like Luxembourg, where the tax rate is as low as 3%, instead of paying the U.K.'s 20% rate.

The budget document reads:


"As announced at budget 2013, the government will legislate to change the rules for the taxation of intra-EU business to consumer supplies of telecommunications, broadcasting and e-services. From 1 January 2015 these services will be taxed in the member state in which the consumer is located, ensuring these are taxed fairly and helping to protect revenue."

It's estimated that the move could raise an extra £300m for the Treasury.

Read More


iTunes Store and App Store Prices Could Increase Up to 20% in the U.K.


Add Comment
Would you like to be notified when someone replies or adds a new comment?
Yes (All Threads)
Yes (This Thread Only)
No
iClarified Icon
Notifications
Would you like to be notified when we post a new Apple news article or tutorial?
Yes
No
Comments (3)
You must login or register to add a comment...
Hxhzh
Hxhzh - March 30, 2014 at 10:00pm
Consumers will be affected !
aa2007
aa2007 - March 24, 2014 at 9:37pm
Or tax dodging corporations everywhere
AntiNeo
AntiNeo - March 24, 2014 at 5:20pm
Time to think about jailbreak ... Greedy people everywhere ...
Recent. Read the latest Apple News.
RECENT
Tutorials. Help is here.
TUTORIALS
Where to Download macOS Sequoia
Where to Download macOS Ventura
AppleTV Firmware Download Locations
Where To Download iPad Firmware Files From
Where To Download iPhone Firmware Files From
Deals. Save on Apple devices and accessories.
DEALS