TAXES have been a hot topic of conversation around the world this week, with US President, Donald Trump's tax returns coming under scrutiny.
However, it was the Irish Supreme Court's ruling that torpedoed a claim by a franchisee of fast food chain, Subway, that it's sandwiches should be exempt from Value-Added Tax (VAT), that caught the eye of Dispensary Corner.
Initially the franchisee seemed to have a strong case with staple foods such as bread, milk, preparations or extracts of meat or eggs, all excluded from the tax - all key ingredients for a wholesome sandwich - you'd think!
However, after reviewing the VAT Act of 1972, the Court ruled that Subway's "bread" was not in fact bread, but a form of confectionery, given its sugar content exceeded the Act's provision that sugar "shall not exceed 2% of the weight of flour included in the dough".
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