In the Budget it was announced that the government proposed to charge standard rated VAT on certain hot food items such as pasties.
After campaigns by interested parties the government has now decided not to proceed with this change. The letter from David Gauke, the Exchequer Secretary, details the government's revised approach.
The letter also details the government's proposal to charge 5% VAT on static caravans rather than the original intention of 20% standard rated VAT.
VAT is a complex issue, if you would like any help in this area please do get in touch with thebestof Exeter member Simpkins Edwards.
To read the Simpkins Edwards newsletters, click here.
10th July 2012
Hi, I am Dave, I run thebestof Exeter along with my colleagues. If you want to promote your business or event, get in touch with us on 01392 349 130.