jagillham wrote:
John Williamson;2939798 Wrote:
ss wrote:-
On 06/10/2012 20:48, John Williamson wrote:-
can't wait to vote for my mate David-

Yip, me too.-

Not what I wrote. Idiot.

--
Tciao for Now!

John.

Seems fair enough really. As said take-away food (luxury item) has been
subject to VAT for a while, whereas other food (an essential) has not.
If your hot curry, chips or special fried rice are subject, little
unfair that the take-away hot pasty is not?!




To get the attributions straight, In the post ss replied to, I was
pointing out that takeaway hot meals had been subject to VAT for quite
some time. I did not mention my voting intentions, that was in the post
I was replying to.

The problem with the new VAT rules is that if Greggs (Other bakers are
available) sell me a pasty that just happens to have come straight out
of the oven and is hot, it is a VAT zero rated item, whereas if they let
it cool down and then put it in a microwave to warm it up, or put in a
hot cupboard to keep it hot for a while, they have to charge 20% VAT on
the exact same product, namely a hot pasty. If they let it cool down to
room temperature and sell it at that temperature, then there is likewise
a zero rate of VAT on it.

If they sell the pasty to the shop next door, as I understand it, the
sale is subject to 20% VAT (Business to business sale). If the other
shop sell it cold, it is now VAT zero rated, so the shop has to recover
the VAT paid from the taxman. On the other hand, if the other shop has a
microwave on the premises for heating pasties, and either the staff or
the customer use it, the pasty then becomes subject to 20% VAT again.

An insane set of rules...

--
Tciao for Now!

John.