Free Site Registration


More Debits & Credits Posts

U.K. Taxes Subway Sandwiches if They’re Toasted

Print
Email
Reprints
By Michael Cohn
October 15, 2012

The controversy over the United Kingdom’s quickly shelved proposal for a “pasty tax” on freshly baked take-out foods is threatening to be reignited now that a judge has ruled there should be a value-added tax imposed on toasted subs and meatball marinara sandwiches from the fast food chain Subway.

A judge ruled against a Subway franchisee who claimed that such a tax was driving her out of business. Subway has argued that the tax is being inconsistently applied since toasted bagels and baguettes are not subject to the VAT under previous tax cases that came before the U.K. tribunals.

Earlier this year, the U.K. government had threatened to subject the so-called “pasty” to a tax, but backed down after a public uproar and protest from a popular bakery chain (see England Up in Arms over ‘Pasty Tax’). Now Subway is trying to organize a similar protest and has gathered over 130,000 signatures on its "toast the tax" petition, according to the Financial Times.

The main surprise here is that the fast food chain is called Subway in the U.K. Shouldn’t it be called the Underground?

0 Comments

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to Debits & Credits, please use the form below to login. When completed you will immeditely be directed to post a comment.

Forgot your password?

Not Registered?

You must be registered to post a comment. Click here to register.


Follow Accounting Today
Advertisement
Advertisement

Jason Marx on the Challenges and Opportunities Facing Accountants

June 17, 2013

CCH Small Firm Services president Jason Marx talks about the challenges confronting small accounting firms, including regulatory and tax compliance, technology adoption, and do-it-yourself software.

Jennifer Warawa on the 'On-Demand' Accountant

June 14, 2013

Jennifer Warawa, VP of partner programs and channel sales at Sage, discusses how accountants need to communicate more frequently with clients so they become more of an "on-demand" resource.

George Farrah on the Challenges and Opportunities Facing Accountants

June 14, 2013

Bloomberg BNA executive editor of tax and accounting George Farrah discusses how accountants today are dealing with the economy, technology, globalization and practice management.

Amit Jain on Three Key Trends in Accounting

June 13, 2013

Amit Jain of ADP Small Business Services discusses how the accounting firm of tomorrow will be different from accounting firms today.

Advertisement

SLIDE SHOW

20 Trends to Watch

June 16, 2013

New areas of change that accountants should be on the lookout for.

Protecting Clients from Tax-Related Identity Theft

May 31, 2013

Tax-related identity theft is a continuing problem, and a trustworthy tax preparer is an important part of the solution.

10 Simple Revenue Boosters to Start Now

May 28, 2013

Are your prospects choosing another accounting firm just because of price? There are ways to boost your image to earn a premium fee and leave low-price competitors behind.

Tax Season by the Numbers

May 22, 2013

The IRS recently released statistics covering the year to May 10, 2013.

Top 10 Tech Initiatives -- 2013

May 5, 2013

The AICPA's annual list of IT priorities for accounting firms.

Advertisement
Advertisement
Advertisement