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The economics of bulk buying - Sally's Journal
March 19th, 2006
01:31 am

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The economics of bulk buying

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From:samholloway
Date:March 19th, 2006 06:37 pm (UTC)
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Not quite; it's the other way round. Plain biscuits are VAT exempt. Cakes are VAT exempt. But chocolate biscuits aren't; they are classed as "luxury items" and hence attract VAT at the standard rate.

McVities argued in 1991 that Jaffa Cakes were cakes and not chocolate biscuits, and they won. Hence Jaffa Cakes remain VAT free.
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