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 Pringles Tax Free

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masterindisguise
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masterindisguise


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Number of posts : 1142
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Registration date : 2007-08-09

Pringles Tax Free Empty
PostSubject: Pringles Tax Free   Pringles Tax Free EmptyTue Jul 08, 2008 10:39 am

This makes me wonder what the other 58% is.

UK court: Pringles are potato-light, tax-free
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Jul 4, 6:48 PM (ET)

LONDON (AP) - Britain's High Court has ruled that Pringles are not a potato snack, and thus are not subject to value-added tax.

Friday's ruling by Justice Nicholas Warren is expected to save millions for the manufacturer, Procter & Gamble Co. (PG)

Warren overruled a VAT Tribunal decision that Pringles should be subject to the 17.5-percent tax because it met the definition of "potato crisps, potato sticks, potato puffs and similar products made from the potato, or from potato flour, or from potato starch."

The judge found that Pringles were only 42 percent potato, and thus exempt.

P&G spokeswoman Marina Barker says the company is pleased with the ruling.
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