Tim Davies, of DuelFuel Nutrition, claims that under current government guidance his energy snacks are recognised as “food” so the tax does not apply.
But HM Revenue & Customs insists that they should be classed as confectionery, meaning that 20 per cent VAT is payable on them.
Source: henleystandard.co.uk
Latest Posts in "United Kingdom"
- UK Parliament Urges Scrapping VAT on Defibrillators Ahead of Autumn Budget
- United Kingdom: FTT Rejects Unatrade VAT Appeal Over Missing Invoices
- United Kingdom: UK to Mandate E-Invoicing for VAT Invoices from 2029
- United Kingdom: HMRC Clarifies VAT Rules for Crypto-Asset Transactions
- United Kingdom: HMRC Issues Penalties Factsheet for Digital Platform Operators
