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…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…