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Jaffa Cakes - vat case

Acorn2oak
  • 167 posts
  • # 71458

Hi

Looking through some you-tube videos for some book keeping inspiration and came across an interesting lecture on vat (ACCA) - the lecture referred to a case concerning VAT and the humble jaffa cake - can anyone enlighten me on the name of the case!

Cheers 

Martin

PS Enjoy the football on Saturday - predicting a shock 

  • "Helping small acorns become large oaks"

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Peasie
  • Member PM.Dip
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  • 481 posts
  • # 71460

Acorn2oak said:

PS Enjoy the football on Saturday - predicting a shock 

Me too. I think Kilsyth Rangers will beat Irvine Meadow.
  • Fellow
  • Practice Licence
  • 27 posts
  • # 71471

James @ ICB said:

“Hi

Just 1 extra point, biscuits are actually VAT exempt, but chocolate covered ones are classed as a luxuary item and therefore VAT is payable.

McVities were saying the Jaffa Cake is a chocolate covered cake, which is still VAT exempt.”

And who said you can't have your cake and eat it!!Wink
Acorn2oak
  • 167 posts
  • # 71472

Crumbs thanks for that - certainly makes vat seem more interesting

I dont suppose there is anything to make data protection/freedom of information interesting?

  • "Helping small acorns become large oaks"

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Acorn2oak
  • 167 posts
  • # 71473

Peasie said:

“Acorn2oak said:

PS Enjoy the football on Saturday - predicting a shock 

Me too. I think Kilsyth Rangers will beat Irvine Meadow.

”

Shocking!!!!

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Liz D
  • 273 posts
  • # 71478

This is fascinating.

Bit like the tax battle in the courts about a news presenters clothes for work.

And who says bookkeepers / accountants jobs are boring - not me Laughing
sarah
  • Companion Fellow PM.Dip
  • Practice Licence
  • 1137 posts
  • # 71482

Hi James

What if it is a lild's jaffa cake does that have vat on it.   If so Liz above was trying to con us that they were cheaper then the real thing in Scottish forum.

James you seem to know a lot about the jaffa cake .  Is that your favourite  biscuit. 

  • Sarah Douglas C.FICB

    HouseTree Business Ltd 


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Peasie
  • Member PM.Dip
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  • 481 posts
  • # 71503

Peasie said:

“Acorn2oak said:

PS Enjoy the football on Saturday - predicting a shock 

Me too. I think Kilsyth Rangers will beat Irvine Meadow.
So much for me thinking about a shock. Kilsyth did take the lead after 4 minutes but the Medda went through on penalties. Such is my luck at predicting I think Man United will beat Barcelona tonight.
Liz D
  • 273 posts
  • # 71600

Just a note......

I bought both the Pretend Jaffa Cake and the Real Jaffa Cake yesterday at Lidl after my son (who is daft on them) decided he preferred the Pretend Jaffa Cake.

So Sarah will have her wish granted for the Real Jaffa Cake to make it's presence felt at the meeting on Thursday - no need for the Real Jaffa Cake fund just yet Laughing

p.s. - Jaffa Cakes in general dont last long enough in our house to see if they go stale or not (I'll hide one and let you know)

Edited at 31 May 2011 09:41 AM GMT
sandra.douglas
  • 109 posts
  • # 71601

Liz D said:

“Just a note......

I bought both the Pretend Jaffa Cake and the Real Jaffa Cake yesterday at Lidl after my son (who is daft on them) decided he preferred the Pretend Jaffa Cake.

So Sarah will have her wish granted for the Real Jaffa Cake to make it's presence felt at the meeting on Thursday - no need for the Real Jaffa Cake fund just yet Laughing

p.s. - Jaffa Cakes in general dont last long enough in our house to see if they go stale or not (I'll hide one and let you know)

Edited at 31 May 2011 09:41 AM GMT”

They do go hard when they go stale!!  My 2 girls have asked me in the past to buy them but then not eaten them!!

Sandra 
Liz D
  • 273 posts
  • # 71609

Thanks Sandra - your research saves my son accusing me of eating it Smile
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