A reduced 5% VAT rate for ‘over the counter’ sales of smoking cessation products was introduced from 1 July 2007 for a period of one year only. The government has announced that the 5% reduced rate will continue to apply.
Smoking cessation products dispensed on prescription continue to be zero rated.
Simon Coles & Co, PO Box 600, London, WC1H 0XB
Telephone & Fax: 020 7278 5447 Email: info@simoncoles.co.uk
Simon Coles & Co is a trading name of Simon Coles Limited - Company Reg.: 4489932
Registered to carry on audit work by the Institute of Chartered Accountants in England and Wales