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Chancellor takes Greggs’ advice on pasty tax
date:May 30, 2012
At present, while VAT is not charged on most food and drink, or hot baked goods, it is charged on takeaway food sold to be eaten hot.

After the government U-turn, VAT will not be charged on pasties, pies and sausage rolls that are fresh from the oven and cooling down on shelves. But savouries that are being kept hot in heated cabinets will still be liable for VAT.

Earlier this month, in Greggs interim financial statement, the firms chairman Derek Netherton predicted that plans to charge VAT

12/21 11:53