The UK Treasury is facing a £3.5m bill because of VAT wrongly imposed on a Marks and Spencer teacake, the European Court of Justice (ECJ) has ruled.
Customers paid VAT for 20 years before the authorities accepted the product [wrongly classed as a biscuit] was a cake, which does not command VAT. [BBC]
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Date: 2008-04-10 02:28 pm (UTC)