Friday, 10 June 2016

Some like it HOT - but not the VAT man

Chilango lose case for £700k VAT refund.

The food chain Chilango which raised millions recently on Crowdcube, has had its VAT reclaim for almost £700k rejected.

Their food was considered served hot by the judge and with changes in 2012 to the vat regulation regarding hot and cold takeaways, they are not eligible to be zero rated.

Investors will just have to hope that this money was not an important part of their business plan!

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