M&S takes biscuit: teacakes cost Treasury £3.5m – The Independent

Posted April 11th, 2008 in news, VAT by sally

“The humble chocolate teacake cost the Treasury £3.5 million today. That’s the price of a VAT mistake which classified Marks & Spencer teacakes as chocolate biscuits.”

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The Independent, 10th April 2008

Source: www.independent.co.uk