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%).
Category Archives: VAT Did you know
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.
A VAT Did you know?
Food for wild birds is zero rated, while food for caged birds is at 20%.
A VAT did you know?
Bye bye old VAT returns.
HMRC has revealed that it will retire the existing VAT online filing system for VAT 100 forms from April 2021.
From that date, only the MTD method is possible and the original (the XML submission where a business logs into the HMRC portal) will be discontinued.