Vicky.
23-03-2012, 01:40 PM
http://www.chroniclelive.co.uk/north-east-news/evening-chronicle-news/2012/03/23/newcastle-based-greggs-firm-hit-by-a-pasty-tax-72703-30608691/
BAKERS like Greggs will have to charge more for their warm food because of what has been dubbed a ‘pasty tax’.
Bakers face a price hike after George Osborne said VAT will be placed on all warm foods, meaning some of Greggs’ best known snacks go up by 20%.
And as a result the Newcastle-based company has seen £30m wiped off its value.
The move means Greggs products such as the Steak Bake and the Cornish Pasty which once avoided the duty will be hit with 20% increases.
Mr Osborne wants to introduce the changes within the next six months.
The Chancellor’s changes will hit products which once escaped VAT, including warm rotisserie chicken sold in supermarkets. Even haircuts could go up in price as hairdressers chairs are hit with the tax.
Read More http://www.chroniclelive.co.uk/north-east-news/evening-chronicle-news/2012/03/23/newcastle-based-greggs-firm-hit-by-a-pasty-tax-72703-30608691/#ixzz1px1bvGVF
...what?!
Also I get why fatty foods and that are being taxed more, but things like cooked chickens? Surely this is going a bit too far...
BAKERS like Greggs will have to charge more for their warm food because of what has been dubbed a ‘pasty tax’.
Bakers face a price hike after George Osborne said VAT will be placed on all warm foods, meaning some of Greggs’ best known snacks go up by 20%.
And as a result the Newcastle-based company has seen £30m wiped off its value.
The move means Greggs products such as the Steak Bake and the Cornish Pasty which once avoided the duty will be hit with 20% increases.
Mr Osborne wants to introduce the changes within the next six months.
The Chancellor’s changes will hit products which once escaped VAT, including warm rotisserie chicken sold in supermarkets. Even haircuts could go up in price as hairdressers chairs are hit with the tax.
Read More http://www.chroniclelive.co.uk/north-east-news/evening-chronicle-news/2012/03/23/newcastle-based-greggs-firm-hit-by-a-pasty-tax-72703-30608691/#ixzz1px1bvGVF
...what?!
Also I get why fatty foods and that are being taxed more, but things like cooked chickens? Surely this is going a bit too far...