Find out if you know your leaflets from your bus tickets!

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100%. Congratulations!

You certainly know your onions. And Jaffa Cakes!

Oh dear!

Someone needs to sharpen up their VAT knowledge!

#1. Dry Roasted Pistachios

Dry Roasted Pistachios are classified as processed luxury items which are not essential. Pistachios in shells are not processed and are 0% rated.

#2. Jaffa Cakes

Jaffa cake are classed as cakes and are 0% rated. If they were classed as biscuits, they would be 20% rated.

#3. Doritos

Doritos are primarily corn-based which makes them 0% VAT rated. If they were potato based the VAT rate would be 20%.

#4. Audiobooks

Audiobooks are 20% VAT taxable whether supplied in a physical or digital format. Electronic versions of books that can be read or looked at are 0% VAT rated.

#5. Bus Tickets

Public transport bus and train tickets are zero-rated.

#6. Steel Toe Cap Shoes (PPE)

Safety equipment is zero-rated. This includes safety clothing, builder’s helmet, work boots etc.

#7. Takeaway Food

If takeaway food is hot it’s standard 20% VAT rated. If it is meant to be served cold takeaway food is 0% rated.

From 15th July 2020 until 12th January the VAT rate on eat-in or hot takeaway food has been temporarily reduced from 20% to 5%.

#8. Business Cards

Business Cards are standard VAT rated.

#9. Flyers and Leaflets

Flyers and Leaflets are generally zero rated (VAT exempt), but if your flyer or leaflet is offering a discount on product or service then it will be 20% VAT rated.

#10. Gas and electricity cost (for business)

Gas and electricity used for business are standard VAT rated. Any residential energy will have reduced VAT rate of 5%.

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