Juicy question taxes VAT man

Juicy question taxes VAT man

Veggie_juiceWhile TS has free lunches coming out of its ears, so to speak, it seems VAT commissioners have to rely on disputes to get grub on expenses. The latest dispute is over whether or not fruit juices are standard-rated for VAT, or zero-rated. In other words, should vegetable juices be considered a drink or food? So to find out, the VAT commissioners obviously had to sample the drinks.

Gazpacho soup was also provided, as was some lemon juice and, most bizarrely, a Slim-Fast shake. After many sips and a consideration of the law, Grove Fresh, the juicers in question, lost. Vegetable fruit juice is, for the record, standard-rated.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article