by Haroon Siddique Legal affairs correspondent on (#6M9HX)
Innovative Bites Ltd wins case brought by UK tax authority after its mega' product deemed to be an ingredient'A food company has won a sweet-tasting victory against the UK tax authorities after a court decided that it did not have to pay VAT on its marshmallows because they were not confectionary.HMRC has unsuccessfully appealed against a 2022 decision by the first tier tribunal (FTT) that Innovative Bites Ltd did not have to pay a 472,928 demand for sales tax on its Mega Marshmallows" because they were sold and purchased as a product specifically for roasting". Continue reading...