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