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Read this: Sky magazine tax loophole saved broadcaster up to £40m a year - Media - The Guardian

Summary: Accounts show most of the income from Sky magazine was recycled back to Sky TV. The broadcaster had been saving millions in VAT by charging satellite customers a nominal 2.20 a month for the Sky magazine, using a tax loophole that has now been closed. The saving, at about 3 to 4 per person, would have amounted across Sky's 10 million subscribers to at least 30m to 40m a year. - link

Sky magazine tax loophole saved broadcas…

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