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Title: An important tax issue Post by: TightEnd on December 13, 2007, 12:58:19 PM Jaffa cakes..cake or biscuit?
biscuits are subject to VAT and cakes are not. this is crucial, and I wanted your opinion After a ten year court battle Marks and Spencer can recover £2.5m in VAT as the European courts have ruled that Jaffa cakes (and the generic class of chocolate teacakes) are cakes not biscuits Regards your food correspondent Title: Re: An important tax issue Post by: TheChipPrince on December 13, 2007, 01:00:03 PM Get.Out.More.
Title: Re: An important tax issue Post by: boldie on December 13, 2007, 01:00:34 PM Jaffa cakes..cake or biscuit? biscuits are subject to VAT and cakes are not. this is crucial, and I wanted your opinion After a ten year court battle Marks and Spencer can recover £2.5m in VAT as the European courts have ruled that Jaffa cakes (and the generic class of chocolate teacakes) are cakes not biscuits Regards your food correspondent Clue pretty much in the title there..Cake! (also for the scientific reason as to why they are cakes...) Title: Re: An important tax issue Post by: MKKfish on December 13, 2007, 01:28:16 PM er...is this a level... this was a case study when I did taxation a zillion years ago.
Basically Biccies & Cakes are zero rated as they are deemed 'neccesities'..(go figure). However, chocolate covered biccies are not considered as such and are standard rated. Tribunal ruled that they were miniture cakes rather than biccies so were exempt. Pretty sure if you google you will find the full ruling. Title: Re: An important tax issue Post by: Newmanseye on December 13, 2007, 01:30:38 PM its easy to trell the difference between a cake and a biscuit.
A cake when stale goes hard. and a biscuit when stale goes soft. a Jaffa cake goes hard when stale, hence its a cake. Easy solution that would have saved a lot of money. Title: Re: An important tax issue Post by: MKKfish on December 13, 2007, 01:33:12 PM I appear to have a biscuit between my legs...
Title: Re: An important tax issue Post by: steeveg on December 13, 2007, 01:37:05 PM Get.Out.More. lol,Title: Re: An important tax issue Post by: barhell on December 13, 2007, 01:41:25 PM its easy to trell the difference between a cake and a biscuit. ;iagree;A cake when stale goes hard. and a biscuit when stale goes soft. a Jaffa cake goes hard when stale, hence its a cake. Easy solution that would have saved a lot of money. Title: Re: An important tax issue Post by: Graham C on December 13, 2007, 02:36:28 PM mmmm jaffa cakes
Title: Re: An important tax issue Post by: AndrewT on December 13, 2007, 02:46:36 PM As long as the ruling doesn't affect crackers, I'm sure Blonde's cracker correspondent will be happy.
(http://blondepoker.com/forum/index.php?action=dlattach;topic=29507.0;attach=18616;image) Title: Re: An important tax issue Post by: Longy on December 13, 2007, 02:55:41 PM its easy to trell the difference between a cake and a biscuit. A cake when stale goes hard. and a biscuit when stale goes soft. a Jaffa cake goes hard when stale, hence its a cake. Easy solution that would have saved a lot of money. Yup this is arguement I always use in this important issue. Title: Re: An important tax issue Post by: JungleCat03 on December 13, 2007, 02:59:57 PM Mcvities won a court case defining Jaffa Cakes as cakes a while ago ( there's some sort of tax breaks on cakes as opposed to biscuits i think). The case hinged on the fact that jaffa cakes as with normal cakes go harder as the go off, as opposed to biscuits which go softer. So legally speaking at least, jaffa cakes ARE cakes. Interesting stuff huh! (errrrr......) If this news was a biscuit it would be soft! (but it's a cake so it's hard) Title: Re: An important tax issue Post by: Graham C on December 13, 2007, 03:19:02 PM As long as the ruling doesn't affect crackers, I'm sure Blonde's cracker correspondent will be happy. (http://blondepoker.com/forum/index.php?action=dlattach;topic=29507.0;attach=18616;image) rotflmfao rotflmfao rotflmfao rotflmfao He looks so happy bless :D Title: Re: An important tax issue Post by: TightEnd on December 13, 2007, 03:22:09 PM xxLOJxx's Snowdonia Cheese (he works for them) and a tub of crackers
Sigh, happy memories Title: Re: An important tax issue Post by: cia260895 on December 13, 2007, 05:10:40 PM full moon half moon total eclipse
Title: Re: An important tax issue Post by: Laxie on December 13, 2007, 11:09:23 PM As long as the ruling doesn't affect crackers, I'm sure Blonde's cracker correspondent will be happy. (http://blondepoker.com/forum/index.php?action=dlattach;topic=29507.0;attach=18616;image) rotflmfao rotflmfao rotflmfao rotflmfao He looks so happy bless :D Ye'd all better back off me cyber man. He's me pet, ya know. Appreciates the odd rub...and nothing beats appreciation. Title: Re: An important tax issue Post by: Ironside on December 13, 2007, 11:17:58 PM the battle over the jaffa cake was won years ago
what was won today was M&S right to claim back VAT for 30 years on its teacake the government said they didnt want to give it back as M&S had already charge its customers for it so basically anyone that bought a teacake from M&S in last 30 odd years go back to them and ask for a refund on the VAT you paid |