Taxation in the United Kingdom

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Latest news 2012 from the United Kingdom: the famous online bookseller Amazon, has been accused of working the United Kingdom tax system and charging publishers 20% VAT on digital books while they are paying only 3% ! Notably, the online retailer moved its European headquarters to Luxembourg in 2006. This eventually means that the latter pays only 3% VAT on digital books sold to British readers. The difference sees the company make an extra Pds. 1.38 of profit every time it sells a Pds. 10 ebook in this country . To put it bluntly, Luxembourg has this low VAT level to make publishing more accessible. However, Amazon seems to be exploiting this!