Month: June 2014

How much is a Tunnock’s/Lees Snowball worth? Answer – £2.8M!!

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The Lanarkshire firms, Tunnock’s and Lees who make confectionery, biscuits and cakes have just won a near 20 year battle with HMRC over the legal definition of a Snowball.  HMRC classed the Snowball as confectionery and therefore subject to VAT in the same way biscuits are vatable. Tunnock’s and Lees regarded the Snowball as a … Read more

A staggered start to the introduction of Real-Time Information penalties by HMRC – So don’t get caught out!

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real-time-information

YOU HAVE HAD PLENTY OF WARNING, DON’T GET CAUGHT OUT Below is an extract from the GOV.UK site on the staggered introduction of Real Time Information (RTI) penalties which should allow businesses to be fully compliant, but October is not that far away now and I wanted to mention this again just in case some people are … Read more