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JOHN ENDACOTT thinks the Budget's VAT proposals for takeaway food were undercooked
KEY POINTS
- Zero-rating of food in VATA 1994 Sch 8 Gp 1.
- The exception for a ‘supply in the course of catering’.
- HMRC’s guidance on ‘freshly cooked products’.
- The Budget proposals for food above the ambient temperature when sold.
- A rushed proposal that deserves more thought and consultation.
This year’s Budget has been all about news management (or the lack of it). It has also been a Twitter event: a democratisation of opinion; dare I say it perhaps even a kind of Budget Spring.
Listening to the Budget was like hearing old news. It seemed that everything had already been in the press apart from the age allowance change – immediately labelled on Twitter as #grannytax.
Then the VAT changes also started to be appreciated and...
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