Date:
Related Links
BrassTax news
Pringles
by David Whiscombe
Ah, the busy life of a VAT Tribunal! If it's not cogitating on whether Jaffa Cakes are biscuits it's considering whether Pringles are crisps. Since they aren't (apparently they are the wrong shape and made of the wrong stuff) they are zero-rated and the opportunity thus arises for retailers to reclaim VAT overpaid in the past three years.
Pending the outcome of any appeal which HMRC may decide to make, any recovery claim is of course at present protective and provisional. It is plain (as distinct from salt and vinegar?) that such a claim will be worthwhile only if the volume of sales is substantial: but if you have clients who are selling mountains of these man-made aberrations and for whom a VAT repayment would be worth the effort, please get in touch for assistance on a no win no fee basis.
