Are Jaffa Cakes biscuits or, as the name implies, cakes? This question is one of the most famous examples of the kind of debate that happens frequently in the world of VAT because precise definitions can make the difference between sink or swim for businesses that sell the products under discussion.
While it might seem trivial, there is very little when it comes to VAT that can be taken for granted and there is no sign that simplification is imminent.
This guide provides and overview to why taking VAT seriously is important for all businesses, and why it is important that any issues are dealt with by professional input.
If you would like to discuss any aspect of VAT contact us today