ANY regular readers of this diary will know just how much TS loves a bargain – and confectionery.
Imagine, then, our delight when those two great joys met as a result of a recent tax tribunal. A Scottish court ruled snowballs, the much-loved marshmallow snack, are sufficiently cake-like to be zero-rated.
As you can imagine, we headed straight to the nearest shop and loaded up on those lovely snowy treats, safe in the knowledge the 20% rate didn’t apply.
We feel a little ill now, though. Why do we never learn?
Phillip Gershuny, senior tax partner at Hogan Lovells, outlines how a European exit could affect UK taxes
Brexit could hit UK GDP by as much as 3% by 2020, the international economic body has claimed
London accountancy firm Blick Rothenberg warns of potential damages VAT changes could cause UK businesses
Two PwC whistleblowers and journalist to stand trial over alleged leaking of corporate tax documents