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To be pedantic, food (except for, roughly, `luxury' and catered foods), children's clothing, and books, amongst other things, are zero-rated, rather than exempt
by parenthesis 16y ago
To be pedantic, food (except for, roughly, `luxury' and catered foods), children's clothing, and books, amongst other things, are zero-rated, rather than exempt (a separate category which includes medical treatment and education).
- rmc 16y agoSome plain foods have zzero vat. More luxurous food is taxed. This is important when you think of jaffa cakes, are they a biscuit or a cake? If they are a buscuit, then they don't have vat, if cake, then the price goes up