Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
rahimnathwani
on Jan 14, 2020
|
parent
|
context
|
favorite
| on:
Visa, Plaid, networks, and jobs
How would the supermarket save money by charging a separate service fee? Many of the items sold in supermarkets (e.g. bread and milk) aren't subject to VAT, whereas (almost) all services attract VAT at 20%
ValentineC
on Jan 14, 2020
[–]
I'm guessing it has something to do with claiming the VAT on processing fees as input tax:
https://www.gov.uk/guidance/vat-guide-notice-700#section4
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search: