A consortium featuring former England footballer Danny Mills has acquired West Cornwall Pasty Company after the firm collapsed into administration on Friday.
Sandwich franchise Subway has confirmed it is taking its appeal against VAT on its toasted products to the Court of Appeal.
Following the defeat of a tribunal appeal against HMRC's assessment of
Subway franchises have lost an appeal concerning the VAT liability of their toasted subs and 'meatball marinara'.
Following weeks of protests the coalition government has climbed down on two VAT measures announced in the Budget, including the ‘pasty tax’ and a new charge on static caravans.
Hundreds of bakers have protested at Downing Street against plans to make hot takeaway foods such as pasties subject to 20% VAT, reports Nick Huber.
South West accountancy firm Bishop Fleming has taken up arms on behalf of the Cornish pasty after the government announced hot pasties will now be subject to 20% VAT.