How to fix Britain’s barmy VAT regime
Britain’s second-most-important tax is riddled with holes
Biscuits are tricky tax terrain. One way they can fall foul of Britain’s value-added tax (VAT), a consumption levy, is to have an overindulgent chocolate coating. But how much is too much? A McVitie’s chocolate digestive faces 20% VAT, a conventional one 0%. A chocolate-chip cookie is safe. So is a gingerbread man, so long as he has chocolate only in dots for his eyes. Add any more and he is taxed at 20%.
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This article appeared in the Britain section of the print edition under the headline “Put VAT on everything”
Britain April 27th 2024
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- Why are so many bodies in Britain found in a decomposed state?
- How to fix Britain’s barmy VAT regime
- When academics meet “The Archers”
- English local government is in a dire state
- Britain’s Reform UK party does not exist
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