vat

Government plans to combine PAYE and NIC into one tax

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There are reports that the conservatives are thinking of combining the current two payroll tax systems into one unified system as a policy for the next General Election. This would allow all taxpayers to see the true rate of tax taken by the government as the amount paid under NIC is generally misunderstood in the … Read more

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