Category Archives: VAT Did you know

A VAT Did you know?

By   29 August 2023
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Hard or soft? Stiff or floppy?

Sssh at the back, this is important…

Whether cakes and biscuits go hard or soft when stale helps to determine whether they are indeed cakes or biscuits (cakes go hard, biscuits go soft). This is the difference between VAT at 20% and zero rating for some products – yes… Jaffa Cakes!.

Whether printed matter is stiff or floppy can also result in either 20% or zero rated treatment. In this case, for single sheet products, eg; leaflets, limp is good and hard can result in the VAT hit.

What did you think I was talking about? Stop making up your own jokes…

A VAT Did you know?

By   27 July 2023
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Popcorn is standard rated, but microwavable popcorn is VAT free.

A VAT Did you know?

By   26 June 2023
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In this hot weather it is important to drink sufficient fluids. If you buy a bottle of water, you will pay VAT, but milk is zero rated.

A VAT Did you know?

By   25 May 2023
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The sale of ducks is zero rated, but racing pigeons are standard rated.

A VAT Did you know?

By   27 April 2023
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Eels, salmon and trout are VAT free when sold dead or alive, but bream, perch, pike and tench are standard rated.

A VAT Did you know?

By   28 March 2023
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Embryos of animal species which are used for human food may be zero-rated but “anything below” the embryo stage is standard-rated.

A VAT Did you know?

By   30 January 2023
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Children’s clothing made from the skin of goats is zero rated, but only if not made from Yemen, Mongolian or Tibetan goats.

A VAT Did you know?

By   28 November 2022
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Colouring books are zero rated unless they contain swear words, nudity or theft – in which case they are standard rated.