HMRC vs giant marshmallows: are they confectionery or fire-toasting food?
The ongoing giant marshmallow case has finally concluded, with HMRC deciding not to appeal. The VAT dispute hinges on whether these oversized treats are confectionery or fire-toasting food, and the ruling suggests that size and intended use can matter a great deal in tax law ... Is a giant marshmallow a sweet treat or a fire-toasting essential? It's no surprise HMRC thinks differently to the manufacturer This has been a long-running dispute, and it has now reached an interesting turning point, as HMRC has decided not to pursue an appeal after losing on the VAT issue. For Innovative Bites Limited, the company behind Mega Marshmallows, this means a £470,000 bill is now much less likely to land. At the heart of the matter is a simple question: when | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Would you like to know more? |
If anything I've written in my blog post resonates with you and you'd like to discover more of my thoughts about the giant marshmallow VAT case, then do call me on 01908 774320 and let's see how I can help you. Don't forget to stay updated with our daily social media posts on Facebook. |
Share the blog love ... | |||||||||||||||||||||||
#GiantMarshmallow #HMRC #VATDispute #Confectionery #FireToastingFood #TaxLaw |
About Roger Eddowes ... | ||
|
More blog posts for you to enjoy ... | ||
 | State Pension Triple Lock changes: What could they mean for your finances The recently announced State Pension Triple Lock changes mark a significant shift in how the State Pension could increase in the future. The existing triple lock will remain in place until April 2030, but after that the earni... | |
 | A Director's Loan Account is useful, but it isn't your personal ATM A director's loan account can be a normal, useful part of running a limited company. It records money moving between a director and their business that isn't salary, a dividend or reimbursement of a genuine business expense .... | |
 | Is the State Pension triple lock sustainable for the long term? The state pension triple lock has played an important role in protecting pensioners from falling behind as wages and prices rise. For many people, particularly those with little other retirement income, that protection matter... | |
 | Cybersecurity risks for businesses: Why basic protection matters more than ever Cybersecurity risks for businesses continue to evolve, and recent incidents show that it is no longer enough to think of cybersecurity as something that concerns only large organisations or technology companies. The ways a bu... | |
 | UK business growth needs certainty, not just good intentions There has been plenty of discussion about UK business growth recently, and the Chancellor has now given us some indication of the direction the Government intends to take in the October Budget ...... | |
 | Why the cost of doing business is holding back growth Growth is talked about constantly, but I think we sometimes overlook something rather obvious. Businesses need the confidence and financial headroom to invest before meaningful growth can happen. Right now, the cost of doing ... | |
 | The soft skills employers look for are becoming more important Qualifications and technical experience will always matter when businesses recruit new people. However, recent research highlighted by the BBC suggests that the soft skills employers seek are becoming increasingly important t... | |
 | Five practical ways to boost UK economic growth There is no shortage of political discussion about UK economic growth, but the more important question is what must change to achieve it. Governments can publish strategies and promise reform, but sustainable growth depends o... | |
Other bloggers you may like ... | ||
 | Living independently without feeling alone: 10 simple ways to stay connected Posted by Steffi Lewis on https://www.yourping.uk Living independently can bring a wonderful sense of freedom. Having your own space, making your own decisions, and choosing how you spend your day are ... | |
 | Renovating your home in Milton Keynes? Come and stay with us! Posted by Emily Freeman on https://blog.shortstay-mk.co.uk Renovating your home can be loud, messy, and surprisingly draining. You can sidestep the chaos by staying somewhere local that feels settled, private, ... | |
 | How to work out what you want from your career Posted by Dave Cordle on https://blog.davecordle.co.uk In my last blog post, I talked about that feeling of being comfortably, or perhaps uncomfortably, numb at work. You may have realised that your curren ... | |
 | How YourPING daily check-ins work: From check-in to reassurance Posted by Steffi Lewis on https://www.yourping.uk YourPING daily check-ins answer one simple question: Are you, or someone you care about, OK? They do that without requiring an app, special equipment ... | |