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VAT changes budget

Our budget views in blue: VAT

22nd March 2012

-          New threshold is £77k-          Hot food if meant for consumption whilst hot (as opposed to kept hot for hygiene reasons or as part of preparation) was always standard rated. Now it is standard rated whatever the reason (apart from fresh loaves of bread)This is huge news for take-aways. This is probably as a result of the failed ...read more