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<p>Value Added Tax (VAT) generates over £120 billion each year for our vital public
services. With this in mind, any amendments to the VAT regime as it applies to physical
and digital publications must be carefully assessed against policy, economic and fiscal
considerations.</p><p>HM Treasury officials have discussed EU Directive 2006/112 in
the usual UK and EU fora. In respect of EU legislative changes relating to physical
and digital publications, HM Treasury has received representations from the industry
and discussed the matter at official level with the Department for Digital, Culture,
Media and Sport.</p>
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