The European Court of Justice has issued a ruling that will deeply affect the government if adopted here – and which is hard to see how they could refuse.
The current UK VAT position for hot takeaway food is that it is standard rated and so subject to 20% VAT. However, a recent ruling means that the supply of hot food is zero rated as long as it is consumed immediately off the premises.
If the UK adopt this ruling then affected businesses could be in a position to make significant claims for overpaid VAT over the past 4 years. Amazing news for UK businesses but a serious cash blow to our cash strapped government.
So…if you feel your business falls into this area, contact me immediately so that we can action a protective claim immediately. Don’t delay as this claim would fall under the 4 year cap.
This work would be done on a no win, no fee service based on 15% of VAT recovered.