The ‘Samosa Tax’

• Recommend on Facebook
• 
• Share on Linkedin
• share via Reddit
• Tweet about it
• Subscribe to the comments on this post
• Print for later
• Tell a friend

Samosa (Photo credit: Wikipedia)

VAT has been charged on takeaway food for more than 20 years.  However, ‘some new hot takeaway products’ are not being charged, most commonly from supermarkets and bakeries.  They argue that foods like pies and rotisserie chickens are not sold to be eaten immediately, therefore, fall outside of the scope of VAT.

The Chancellor is looking to address ‘some of the loopholes and anomalies, so look out for the levy, dubbed ‘The Samosa Tax’, which will come into force in October 2012, and which may lead to increased prices for pies and pasties.

Tags: 2012 budget, budget, Samosa Tax, Take-out, Value-added tax, VAT

This entry was posted on Tuesday, March 27th, 2012 at 14:23 and is filed under VAT. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.