'Pasty tax' u-turn implications
The Government has climbed down on some elements of its proposed 'pasty tax'. Now 20% VAT will be charged on only on cooked pies and pasties that are kept hot, BUT not on those goods that are still warm after coming from the oven.
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South firms & 'Pasty tax' u-turn
Businesses in the South are examining the implications of the government's u-turn on the so-called 'pasty tax'.
Read the full storyFirms look at 'pasty tax' u-turn
Hot food firms in the South are looking at the implications of the Chancellor's u-turn on his so-called 'pasty tax'. George Osborne had proposed a 20% tax on hot baked snacks including pasties and pies.
Now however the tax will only apply to cooked pies and pasties that are kept hot, but not those that are still warm after coming from the oven.