Matt Stevens Forced To Close Online Store Due To New UK Law (A Top Story)
. 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.
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