How to fix Britain’s barmy VAT regime

Britain’s second-most-important tax is riddled with holes


  • by
  • 04 22, 2024
  • in Britain

Biscuits are VATVAT,VATtricky tax terrain. One way they can fall foul of Britain’s value-added tax (), a consumption levy, is to have an overindulgent chocolate coating. But how much is too much? A McVitie’s chocolate digestive faces 20% a conventional one 0%. A chocolate-chip cookie is safe. So is a gingerbread man, so long as he has chocolate only in dots for his eyes. Add any more and he is taxed at 20%.Keep digging and the perversity continues. Children’s clothes, newspapers (including this one), cruises, solar-panel installations, bicycle helmets, coffins and sports lessons all also sidestep .

  • Source How to fix Britain’s barmy VAT regime
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