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 ... | ||
 | Growing our team to support yours At Essendon, we believe that good accounting is about more than numbers. It's about giving business owners confidence that everything is organised, properly handled, and under control ...... | |
 | Millions of taxpayers could soon have to pay their tax earlier Millions of taxpayers could pay their tax earlier under HMRC's proposed self-assessment changes. The move may smooth tax deadlines, but it could also tighten cash flow. For many, the real issue will be how quickly the system ... | |
 | Rising labour costs, energy bills and late payments are holding businesses back This pressure is feeding straight into weaker cash flow and tighter margins for everyone. Businesses are finding it harder to plan, price and grow when expenses keep climbing faster than demand. It is a messy combination, and... | |
 | HMRC announces tax simplification changes for employers and businesses I read with interest an announcement by HMRC about a series of measures designed to simplify the tax system, reduce administrative burdens and make it easier for businesses to meet their tax obligations. While many of the pro... | |
 | Who's going to pay for Burnham's Britain? Burnham's Britain sounds bold, but the maths still has to work. If taxes rise, borrowing climbs, or spending is squeezed, somebody pays. The tricky part is making the politics add up without breaking the economy ...... | |
 | How to spend less and save more without feeling deprived Want to spend less and save more? My blog post today explains how to spot waste, trim bills, and build better habits without feeling restricted. It also covers budgeting, debt, and practical checks that can quietly improve yo... | |
 | HMRC reminds businesses to register for VAT on time HMRC is reminding businesses to check whether they need to register for VAT, especially when turnover is close to the VAT threshold. Some firms may still be outside the rules, so it pays to review the facts before acting ...... | |
 | Further guidance released on the summer holiday VAT reduction for families As the temporary 5% VAT rate for children's meals and selected family attractions approaches, HMRC and HM Treasury have issued further guidance to help businesses and families understand how the relief will operate in practic... | |
Other bloggers you may like ... | ||
 | 10 reasons YourPCM is the small business CRM you'll actually use Posted by Steffi Lewis on https://www.yourpcm.uk Choosing a CRM can feel like a big decision, especially when so many systems promise everything but end up being overly complicated, expensive, or sim ... | |
 | Building A Bookkeeping Business: Increasing Your Prices Posted by Alison Mead on https://blog.siliconbullet.com You may have already done the difficult part of starting your own bookkeeping business; you've found clients, you've decided on your pricing, and now ... | |
 | Blogging: 5 reasons why it's essential for your small business Posted by Steffi Lewis on https://www.sblogit.com Having a strong online presence is crucial for the success of any small business. One of the most effective ways to establish your brand is through bl ... | |
 | What keeps you going in your business? Posted by Jacky Sherman on https://www.jackysherman.com Over the weekend, someone shared with me a poster that compared running a business with an iceberg. The author wanted to make the point that all other ... | |