It has been announced today that the controversial ‘Pasty Tax’ is to be dropped. The rethink follows protests from bakeries and others who claimed it was unfair.
Under the new proposals VAT will only be charged on food intended to be served hot, not food that is cooked and then left to cool.
Also announced today is a watering down of the proposal to charge VAT at the full rate (currently 20%) on purchase of static caravans. Following widespread opposition from MPs of all parties, static caravans will now only be charged at 5%.
The announcements have received praise from many although Labour has been critical of the way this has been dealt with by the Government.
For further information/advice on this topic area please contact Ward Williams: www.wardwilliams.co.uk
Under the new proposals VAT will only be charged on food intended to be served hot, not food that is cooked and then left to cool.
Also announced today is a watering down of the proposal to charge VAT at the full rate (currently 20%) on purchase of static caravans. Following widespread opposition from MPs of all parties, static caravans will now only be charged at 5%.
The announcements have received praise from many although Labour has been critical of the way this has been dealt with by the Government.
For further information/advice on this topic area please contact Ward Williams: www.wardwilliams.co.uk
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