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


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On Wednesday Matt Stevens Forced To Close Online Store Due To New UK Law was a top story. Here is the recap: (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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