More on EU based e-publishing

I have looked into the idea of a European-based e-publishing company and so far things are looking very promising.

There are still many things that need to be ironed out, but then I'm not going to be able to get this going until the New Year anyway - if I decide to go ahead.

Whilst it's only in the planning stage at the moment, I can tell you that I want this to be free for the basics. It won't cost authors anything to have their work on sale on the site and they're not going to be charged tax on the revenue the books generate either like they are on Amazon, Lulu, CreateSpace and other US-based sites. Any taxable income made from the sale of their books would be between the authors and the tax department of the country they live in.

I'm not sure either what formats I'd be able to cover, but I'm fairly certain Kindle won't be one of them. I'm sure though that the formats will enable people to read the stories using a Kindle, but not in the proprietary 'Kindle' format.

Europe currently levies VAT on e-books, but I'm not sure what the rates are as France and Luxembourg have slashed the VAT on e-books, but the UK hasn't, despite pressure to do so. Each author would agree a price for their books and the VAT would go on top so the royalties would be based upon the agreed price, not the sale price.

Of course these plans may change, but should I go ahead - and as I said, it's looking likely right now that I will - I plan to keep the site free for authors and make the royalty percentage as high as I can, though what that will be is yet to be determined.

So that's it for now. I know that there are a number of you out there who have expressed an interest in placing stories for sale on the site when it's ready and I will do my best to keep you all appraised of how things progress as they happen.

Any others interested, please don't hesitate to PM me as I'm not going to be able to open the site without books, so the more, the merrier.

Thanks,

Nick

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