Tax cuts on CDs and music recordings

moriaty

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from Metro
Music industry figures yesterday renewed their calls for a CD price cut by lowering VAT on them to 5%. Performers including sir Elton John (pictured) joined music publishers, composers and managers in a plea to EU finance ministers to treat music the same as other 'cultural products'
VAT on sound recordings is set between 15 - 25% across Europe, but reduced rates as low as 5% apply to magazines, newspapers, books and tickets for cinema, theatres and concerts



bout fookin time imo..same should apply for music instruments/software, free courses on how to use it, free decks and records, million £££ bonuses for anyone claiming to be a DJ etc...ok, ok, I shuts up...
good news, no? england dogs at least.. :D
 
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