Half heard that sports nutrition (powders etc) is now going to have VAT payable on it (in line with sports drinks)
Assume that means a 20% increase on Rego, PSP etc - maybe from 18:00hrs tonight.
Anyone else confirm?
Just checked the full budget and its as follows - hence its from Oct 1st. Get stocked up before then!
2.179 VAT: correcting anomalies and closing loopholes – The Government will address anomalous VAT borderlines by applying VAT to the provision of self storage facilities and to approved alterations to listed buildings. VAT will also apply, to the extent that it does not already do so, to the sale of hot food, cold food consumed on the supplier’s premises, sports drinks and holiday caravans, and to the rental of hairdressers’ chairs. This will have effect from 1 October 2012.
Now that's a bizarre list of previous exemptions! Can't say there's much to moan about there.
If you want to avoid VAT on sports nutrition, how about baby food? I imagine Heinz Chocolate Pudding, 3 - 6 months would make an excellent recovery snack.
I think (you'll have to check) that chocolate milkshake is 0 rate VAT (but milkshake powder isn't) - in which case I can't think of anything better as recovery drink.
Wasn't there a study that showed that milk was at least as good a recovery fluid as any recovery product on the market?
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