VAT threat to multiple supply

<p>Children's publishers could face a rise in VAT rates on some products after a tightening of tax guidelines on non-book items.</p><p>A recent test case has seen HM Customs&amp;Excise update its directions on the application of VAT on different products supplied together, such as books packaged with tapes or toys. It could mean publishers paying VAT at the standard rate of 17.5% on more items, rather than the zero rate often applicable where books are part of the package.</p><p>HM Customs&amp;Exise said: "It is our view that in most cases books or magazines that are packaged together with ...

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