Biscuit Taxonomy Explained
It has been a cause of insomnia for weeks but finally the tree of biscuit taxonomy makes sense again. See the platypus of the biscuit family is the
Anyway after many sleepless nights the issue has been resolved. It is a tax dodge.
“Yes the VAT man wanted it to be a biscuit. That way it would fall by virtue of its chocolate coat into a category of products liable to VAT at the standard rate, i.e. luxury biscuits. As a cake however it is zero rated for VAT, no matter how luxuriant, much to the VAT man’s continuing annoyance. In fact Wifey and I once had a chat with ex Tory Minister John Knott who brought in VAT when the Conservative Government of the time took