BusinessPeople In BusinessKids cough up VAT

Kids cough up VAT

You’re never too young to learn about the intricacies of the VAT system, as the little folk who pour into Tumble Tots play centres are finding out.

The tiny tots have been drawn into a VAT battle with the taxman because their mums and dads have not been paying VAT on Tumble Tot

T-shirts, nursery rhyme DVDs and kiddy insurance, among other items the tiny folk receive for their £19 membership fees. HMRC argued that VAT at the standard rate should be paid on this £19, while Tumble Tots argued that the zero and exempt rates should apply to some of the goods. In the end, the High Court ruled in favour of the taxman.

The little tykes will have to start coughing up. If you play, you gotta pay.

Related Articles

Colin: Is the grass greener in commerce, rather than practice?

More News Colin: Is the grass greener in commerce, rather than practice?

1y Stephanie Wix, Writer
Colin: World markets are 'Trumped'

Governance Colin: World markets are 'Trumped'

1y Stephanie Wix, Writer
Taking Stock: Life’s a puzzle for Ben Affleck in The Accountant

People Business Taking Stock: Life’s a puzzle for Ben Affleck in The Accountant

2y Taking Stock
Taking stock: Accountant film trailer has little Hart but big Johnson

People Business Taking stock: Accountant film trailer has little Hart but big Johnson

2y Taking Stock
Colin: New HMRC CEO 'parachuted' in

People Business Colin: New HMRC CEO 'parachuted' in

2y Taking Stock
Taking Stock: 'Application' for top HMRC job released

People Business Taking Stock: 'Application' for top HMRC job released

2y Taking Stock
Taking Stock: Affleck looks to UK for The Accountant inspiration

People Business Taking Stock: Affleck looks to UK for The Accountant inspiration

2y Taking Stock
Colin: End of Homer's HMRC Odyssey

People Business Colin: End of Homer's HMRC Odyssey

2y Taking Stock