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Matt Stevens Forced To Close Online Store Due To New UK Law

12/24/2014
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(Prog) The Fierce And The Dead's Matt Stevens has announced he'll close his online store on December 31 in order to avoid falling victim to a law change that he says will enforce more struggled on hard-pressed musicians.

New VAT rules mean that, from January 1, every digital sale attracts a sales tax calculated in the buyer's country. It means that every artist selling digital products in the UK have to identify what charge should be added and fill in a detailed return.

The change even applies to those who don't reach the UK's VAT threshold of �81,000 in annual turnover - even those who sell a handful of MP3s must register and submit returns.

Stevens tells Prog: "It's a right old mess, and very few people realise the implications of what's about to happen. I'm lucky in that I work with two excellent labels - BEM for The Fierce And The Dead and Esoteric/Cherry Red for my solo stuff. But I'd been selling my old albums and special downloads on Bandcamp." Read more here.

Prog Magazine is an official news provider for antiMusic.com.
Copyright Prog Magazine - Excerpted here with permission.

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