EBSCO Information Services (EBSCO) is working with the Southern Universities Purchasing Consortium (SUPC) to save customers money. EBSCO and SUPC collaborated to ensure that new legislation introduced to apply a zero rate of VAT on electronic publications (e-publications) in the United Kingdom has been effectively applied to electronic publications for all customers of EBSCO in the United Kingdom. The efforts have saved the customers EBSCO serves more than £4.5 million in VAT costs.
The legislation introduced by the Chancellor on April 30, 2020 presented an opportunity for EBSCO and other suppliers to retroactively apply the zero VAT rate to subscriptions. To do this, EBSCO needed to apply significant IT infrastructure changes overnight to ensure the correct VAT rates were applied to all subscriptions from May 1st onwards.
SUPC is a membership-based organisation for universities and further education colleges that helps its members achieve value from their procurement activities. EBSCO supplies print and online journals and e-journal packages to the consortia through a long-standing partnership.
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