Judges reject HMRC appeal and rule firm's marshmallows are not sweets | Food & drink industry
Innovative Bites Ltd wins case brought by UK tax authority after its ‘mega’ product deemed to be an ‘ingredient’
Source: theguardian.com
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Marshmallows are NOT sweets, judge rules
One of Britain's top confectionary firms, Innovative Bites Ltd, can dodge a £470,000 value added tax bill.
Source: dailymail.co.uk
Big marshmallows are not sweets, rules judge
Products are not designed to be eaten on the go and are exempt from VAT, tribunal finds
Source: telegraph.co.uk
HMRC roasted by 'mega' marshmallows after Tax Tribunal dismisses appeal
In a blow to the HMRC, the Upper Tax Tribunal has agreed that 'mega marshmallows' are not confectionery and therefore can continue to be taxed at zero-rated
Source: cityam.com