New Posts For Thread: Food VAT Suggestionhttps://community.betfair.com/chit_chat/go/thread/view/94038/30398719/food-vat-suggestionThe basis of VAT on food was, I believe, that as a basic necessity it should not incur VAT. Therefore most food is VAT free. Takeaways, hot food, snacks, confectionary etc are considered not.The world of food, its production and consumption has chaWhen VAT was first introduced, food products actually had it (the VAT - which was 7.5%) taken OFF of the cost instead of being added.This was excellent at the time as the cost of Walnut Whips at the school Tuck shop was reduced by 1/2p.I've often wonhttps://community.betfair.com/chit_chat/go/thread/view/94038/30398719/food-vat-suggestion?post_id=542585833#542585833When VAT was first introduced, food products actually had it (the VAT - which was 7.5%) taken OFF of the cost instead of being added.This was excellent at the time as the cost of Walnut Whips at the school Tuck shop was reduced by 1/2p.I've often wonMon, 08 Dec 2014 11:01:25 -0600something does need to be done though.sugars seemed to get away with murder quite litterally compared to fats , tobacco and alcahol.some peopel think sucrose is the only problem but fructose and sorbitol are just as bad.https://community.betfair.com/chit_chat/go/thread/view/94038/30398719/food-vat-suggestion?post_id=542582923#542582923something does need to be done though.sugars seemed to get away with murder quite litterally compared to fats , tobacco and alcahol.some peopel think sucrose is the only problem but fructose and sorbitol are just as bad.Mon, 08 Dec 2014 06:58:21 -0600I don't disagree with your point about bread FM. Actually, I only added bread into staples as an afterthought. Imagine the outcry if VAT were put on bread!What grounds could a company have for legal action? Current VAT laws are pretty arbitrary alhttps://community.betfair.com/chit_chat/go/thread/view/94038/30398719/food-vat-suggestion?post_id=542582743#542582743I don't disagree with your point about bread FM. Actually, I only added bread into staples as an afterthought. Imagine the outcry if VAT were put on bread!What grounds could a company have for legal action? Current VAT laws are pretty arbitrary alMon, 08 Dec 2014 06:40:35 -0600Flowermyth has hit the nail on the head. There would be massive outcries and complaints, perhaps legal action, from food companies whose products are on the list. Bread being the perfect example - massively processed yet a real staple also.https://community.betfair.com/chit_chat/go/thread/view/94038/30398719/food-vat-suggestion?post_id=542582289#542582289Flowermyth has hit the nail on the head. There would be massive outcries and complaints, perhaps legal action, from food companies whose products are on the list. Bread being the perfect example - massively processed yet a real staple also.Mon, 08 Dec 2014 05:43:10 -0600Actually I sound like a right d1ck there, but my point wasn't to attack your idea, but our perceptions of what is healthy and what isn't.https://community.betfair.com/chit_chat/go/thread/view/94038/30398719/food-vat-suggestion?post_id=542582283#542582283Actually I sound like a right d1ck there, but my point wasn't to attack your idea, but our perceptions of what is healthy and what isn't.Mon, 08 Dec 2014 05:43:07 -0600So you'd tax Fatty A for having a Snicker's Bar, but you'd reward Fatty B for his healthy choice of a sandwich made from two slices of wholemeal bread despite the fact that the bread will raise his blood sugar on his journey to diabetes land higher thttps://community.betfair.com/chit_chat/go/thread/view/94038/30398719/food-vat-suggestion?post_id=542582247#542582247So you'd tax Fatty A for having a Snicker's Bar, but you'd reward Fatty B for his healthy choice of a sandwich made from two slices of wholemeal bread despite the fact that the bread will raise his blood sugar on his journey to diabetes land higher tMon, 08 Dec 2014 05:38:25 -0600Government would lay down what was non-VAT and everything else is VAT able.Peanuts are already VATable. Dairy would continue to be nonVAT. Oil and sugar would be treated as a staple under my rules and non-VAT.I wouldn't punish people who want somehttps://community.betfair.com/chit_chat/go/thread/view/94038/30398719/food-vat-suggestion?post_id=542581989#542581989Government would lay down what was non-VAT and everything else is VAT able.Peanuts are already VATable. Dairy would continue to be nonVAT. Oil and sugar would be treated as a staple under my rules and non-VAT.I wouldn't punish people who want someMon, 08 Dec 2014 04:58:08 -0600I agree but I can imagine lots of legal cases and lawsuits etc. Butter, Sugar, Peanuts, Vegetable oil, olive oil etc - would they be VATable?https://community.betfair.com/chit_chat/go/thread/view/94038/30398719/food-vat-suggestion?post_id=542581789#542581789I agree but I can imagine lots of legal cases and lawsuits etc. Butter, Sugar, Peanuts, Vegetable oil, olive oil etc - would they be VATable?Mon, 08 Dec 2014 04:28:14 -0600i agree.id even tax it a bit more to help the nhshttps://community.betfair.com/chit_chat/go/thread/view/94038/30398719/food-vat-suggestion?post_id=542581753#542581753i agree.id even tax it a bit more to help the nhsMon, 08 Dec 2014 04:22:42 -0600The basis of VAT on food was, I believe, that as a basic necessity it should not incur VAT. Therefore most food is VAT free. Takeaways, hot food, snacks, confectionary etc are considered not.The world of food, its production and consumption has chahttps://community.betfair.com/chit_chat/go/thread/view/94038/30398719/food-vat-suggestion?post_id=542580807#542580807The basis of VAT on food was, I believe, that as a basic necessity it should not incur VAT. Therefore most food is VAT free. Takeaways, hot food, snacks, confectionary etc are considered not.The world of food, its production and consumption has chaMon, 08 Dec 2014 04:03:13 -0600