Magazines Ireland calls for zero VAT on magazines
Magazines Ireland has used its annual pre-budget submission to call on the Government to introduce a VAT rate of 0% on magazines sold in Ireland.
Print15 September 2017
Magazines Ireland, the representative organisation for magazines and printed publications in Ireland, has made public its annual pre-budget submission, in which it calls on the Government to support the European Council to reach an agreement on VAT rates applied to printed and digital magazines.
The association says it is calling on Minister for Finance, Paschal Donohue to support a zero VAT rate on magazines; industry funding and a level playing pitch with UK competitors. The submission also raised Magazines Ireland’s concerns on Brexit and its impact on the magazine industry.
According to Ciaran Casey, the group’s chairman, the current EU VAT directive needs reform. “Magazines Ireland strongly supports the Commission proposal,” he said, “offering the possibility to all Member States to apply reduced, super-reduced and zero rates to printed and digital magazines.
“We believe that Irish magazines should be zero rated,” Casey continued. “Many of our European neighbours enjoy more attractive rates of VAT on magazines, including the UK, Belgium, Italy, Luxembourg and France.
“We are monitoring very closely the EU Action Plan on VAT,” he added, “and the file has now been taken over by the Estonian presidency. We encourage the Irish government to support us in the push for VAT reform. In supporting VAT at 0%, the Irish government would be sending a strong signal of the importance it attaches to the magazine industry and the contribution it makes to the Irish economy.”
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