In Chi Drinks Ltd v HMRC (TC02512 – 13 February) a company (C) sold coconut water. HMRC issued a ruling that this was a beverage and was excluded from zero-rating by VATA 1994 Sch 8 Group 1 Excepted Item 4. The First-tier Tribunal dismissed C’s appeal against this decision.
Why it matters: The First-tier Tribunal upheld HMRC’s contention that ‘coconut water’ is a beverage so that it is excluded from zero-rating by VATA 1994 Sch 8 Group 1 excepted item 4.
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In Chi Drinks Ltd v HMRC (TC02512 – 13 February) a company (C) sold coconut water. HMRC issued a ruling that this was a beverage and was excluded from zero-rating by VATA 1994 Sch 8 Group 1 Excepted Item 4. The First-tier Tribunal dismissed C’s appeal against this decision.
Why it matters: The First-tier Tribunal upheld HMRC’s contention that ‘coconut water’ is a beverage so that it is excluded from zero-rating by VATA 1994 Sch 8 Group 1 excepted item 4.
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