Pasty tax has generated much comment and opinion since the budget, however the weird and wonderful world of VAT doesn’t just stop at pastys. Did you know?
- Caramel or “millionaire’s shortbread” (with a chocolate covering) is not liable to VAT, however shortbread biscuits covered in chocolate are.
- Jaffa cakes are not liable to VAT but gingerbread men decorated with chocolate are.
- Toffee apples or other apples on a stick covered in chocolate or nuts are not liable to VAT, but nuts or other fruit with a coating (including sugar or chocolate) are…
- Dried fruit sold for snacking and home baking is not liable to VAT but dried fruit sold as confectionery or for snacking is.
Pierce is a trading name of Pierce Group Ltd (09047081) and its associated companies. Pierce Group Ltd is the parent company of Pierce C.A. Ltd (04360541), Pierce Forensic Ltd (05969229) and Pierce Corporate Finance Ltd (05969217). All companies are registered in England & Wales and the registered office, list of all directors and VAT registration numbers are held at: Mentor House, Ainsworth Street, Blackburn, Lancashire BB1 6AY. Pierce C.A. Ltd is registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales - Chartered Accountants' Hall, PO Box 433, London EC2P 2BJ, Tel 020 7920 8100.