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<p>The Government keeps all taxes under review, including VAT.</p><p> </p><p>The impact
on literacy and people with disabilities of any reduction of VAT on e-publications
is likely to depend on commercial decisions about the extent to which any tax saving
would lead to price reductions for consumers, and any associated behavioural changes.</p><p>
</p><p>Any amendments to the VAT regime as it applies to physical publications and
e-publications must be carefully assessed against policy, economic and fiscal considerations.
Any representations on this issue will be considered as part of the fiscal events
process.</p><p> </p><p>Over the past year the Government has engaged with industry
on this issue. It will continue to consider the benefits and risks associated with
changing the VAT rate for e-publications; for digital businesses, high street retailers,
consumers and taxpayers.</p><p> </p><p>HMRC are carefully considering the Upper Tribunal’s
ruling.</p>
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