Orange squash, petrol, ice cream, and poodle food are rated as “luxuries”, while caviar, top shelf magazines, and labrador food are not.
Category Archives: VAT Did you know
A VAT Did you know?
The sales of counterfeit (illegal) goods are subject to 20% VAT, but the sale of counterfeit banknotes is not.
A VAT Did you know?
Crisps: VAT is due on potato snacks, but maize and corn-based snacks are VAT free. (But Pringles are standard rated even though they contain corn, wheat and non-potato flours and the potato content is less than 50%).
A VAT Did you know?
Gingerbread men: No tax is due if the figure has two chocolate spots for its eyes, but any chocolate-based additions, such as buttons or a belt, mean VAT is payable.
A VAT Did you know?
Ferrets are considered to be pets under VAT legislation, but rabbits are not.
A VAT did you know?
All swans belong to either; the Queen, the Dyers Company or the Vintners Company and it is illegal to kill them for food. As a result, because they are rarely eaten, the sale of a swan is subject to VAT at the standard rate.
A VAT did you know?
Wigs for teddy bears are subject to duty, but in a recent Upper Tribunal case it was ruled that ‘realistic” hearts used for a Build-A-Bear toy are duty free.
A VAT Did you know?
Burying a deceased person is exempt, but exhumation is standard rated.
A VAT Did you know?
Fruit flavoured Nesquik is standard rated, yet the chocolate flavoured drink is VAT free.
A VAT did you know?
Bumblebees are subject to VAT, but honeybees are not.