VAT change could hit 99p downloads

Press Association
Technology stock
Technology stock

%VIRTUAL-SkimlinksPromo%A change in how VAT is taxed could mean the end of the 99p music download from digital stores like iTunes and Google Play.

Announced as part of the Budget last week, the Chancellor has put into place new legislation, coming into effect next year, that would require online retailers such as Apple and Amazon to put VAT on media downloads based on a customer's location.