VAT (United Kingdom)
There are a number of challenges facing industry such as health claims and new labelling regulations making increases in product price an addition burden and a significant detriment to consumer purchasing.
In 2012 the UK government made alteration to the VAT code on sports nutrition products resulting in a 20% rise on a number of previously VAT exempt products. Following a detailed review based on case law we developed an expert guidance document ensuring select clients retained previously held VAT ratings of 0%.
As additional price challenges continue to exist across the food industry we have the expertise to ensure your products meet the lowest exposure to taxes. The result the retention of a pricing edge on the competition resulting in optimizing profit margins and increased consumer demand for your product.