home  news  study zone  career advice  pq awards  free mag  advertise  contact  nq mag
PQ magazine is for part qualified accountants.

Read the latest web issue here – if you like what you see sign up today

Latest News


HMRC browned off

22 January 2019

Well, judge Amanda Brown decided she needed a taste test, of course! Pulsin’s brownie is made of dates, chicory fibre and rice malt, and she sampled it, alongside a French fancy, sponge cake and tea cake.

She then decided that although the brownie has no egg, dairy or gluten it was eligible for a tax break as a cake rather than a biscuit. That means Pulsin gets back 4 years of VAT, a claw back of £300,000. HMRC will not be amused as it felt the product was confectionary and not a cake.

[«all news]
preload preload preload preload
Subscribe to RSS