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Amazon confirms ebook price cuts in the UK
Amazon The rapid evolution of VAT changes in light of this has led to lowering ebook prices on the Kindle store for UK customers. COVID-19 (New Coronavirus Infection) (# If there is no character limit, add parentheses when first appearing Pandemic.
The plan to fit paid digital publications, such as newspapers and books of the UK Treasury, onto traditional printed media that does not have VAT is rapidly advancing, introduced seven months ahead. It was. Schedule.
See also Amazon could spend $ 300 million to develop COVID-19 tests this quarter
The government said the 20% to 0 reduction in VAT reflected the digital media uptake prompted by the blockade. According to Rishi Sunak, this will reduce not only the cost of stand-alone ebooks, but the annual cost of media subscriptions, including magazines and newspapers.
Reported by Parents, Amazon’s ebook changes will be introduced on Friday. For example, if the price of an e-book, including VAT, was £ 15, the current price is £ 12.50.
“We want to make it as easy as possible for people across the UK to get the books they want, while staying at home and saving lives.” Said the snack. “So there are quick plans to eliminate VAT in all electronic publications, allowing publishers to sell books, magazines, and newspapers cheaper.”
The customer needs to confirm the price change today.
“The company is working as quickly as possible to reduce the price of its customers,” an Amazon spokeswoman said.
Survey conducted by the National Bureau of Statistics Updated April 30Says 81.7% of adults in the UK are “very worried” or “somewhat worried” about the impact of COVID-19 on their lives.
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Overall, 42.1% of adults say reading helps to manage lockdown and social isolation. Gardening, remote contact with family and friends, the use of content streaming services, and physical activity are also popular activities.
The government also plans to spend £ 35m on regional and local newspapers for advertising purposes to help publications strengthen their finances, while pandemics still require strict blockade measures. I will.
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Amazon’s Q1 2020 financial results revealed a net profit of $ 2.5 billion compared to $ 3.6 billion in the first quarter of 2019. This week, Amazon CEO Jeff Bezos told investors:Please sit downWe also expect financial losses to continue into the second quarter.
about $ 300 million It also specifies extensions to its own COVID-19 testing capabilities.
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