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Teacake set to cost taxman £3.5m
by agdobson | April 10, 2008 at 01:36 pm | 180 views | add comment
by jordan
How could this be mistaken for a biscuit, when it is cleary a teacake.
Teacake set to cost taxman £3.5m
Chocolate teacakes were wrongly classed as a biscuit for two decades
The UK Treasury is facing a £3.5m bill, because of VAT wrongly imposed on a Marks and Spencer teacake, the European Court of Justice (ECJ) has ruled.
Customers paid VAT for 20 years before the authorities accepted the product was a cake, which does not command VAT.
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April 10, 2008 at 01:36 pm by agdobson, 180 views, add comment
