This email has just gone out to FT subscribers:
To help the news industry weather the impact of the Covid-19 crisis, a long-awaited decision to remove value added tax (VAT) from digital news sites was brought forward by the UK government and implemented in May this year.
This change brings the tax status for digital news in line with that for physical newspapers, which have been VAT exempted for decades to promote informed public debate through quality journalism.
Your payment due on 03/07/2020 will remain at the price of GBP50.4, with the new 0% VAT reflected in your invoice.
So corporate subscribers who got reimbursed the VAT paid will see a 20% hike in the price they pay. That is daylight robbery…