EU to tax your kids colouring

If the kettle and toasters were not enough.

http://www.telegraph.co.uk/news/2016/05/10/eu-to-launch-kettle-and-toaster-crackdown-after-brexit-vote2/

In the UK, books, magazines, and newspapers have a VAT set at 0%. But UK publishers have been told that they now owe value-added taxes (commonly called VAT) on coloring books sold in 2015. The industry could stand to lose £4 million.

Blank coloring books for adults may be considered “incomplete,” and therefore taxable. Are they playing games, reading, passing time, self-medicating

The HMRC website has a highly detailed section on what kinds of children’s books are charged 0% tax, including “children’s painting and drawing books with sample pictures for copying, or outlines of pictures for colouring, painting or drawing,”

https://www.gov.uk/government/publications/vat-notice-70110-zero-rating-of-books-and-other-forms-of-printed-matter/vat-notice-70110-zero-rating-of-books-and-other-forms-of-printed-matter#childrens-painting-books

The EU is going to change that.

*This is real!

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