專欄稅收

Fewer ingredients will best serve the VAT on food

Most countries apply a reduced rate of value added tax to food. In Britain, that rate is zero. Food is the most basic of necessities and takes a much higher proportion of the income of low-income households.

But should this relief apply to a meal in Heston Blumenthal’s restaurant in Bray, Berkshire, where the set menu costs £180? Perhaps not. Britain, in common with many other countries, taxes catering at a higher rate. Food is a necessity, a meal out a luxury.

But what exactly do we mean by catering? We can see the difference between dinner at the Fat Duck, where you are treated to an exuberant show of molecular gastronomy, and buying an apple at Tesco and munching it at home or in the office. Pursuing that distinction, a Pret A Manger sandwich is catering – 20 per cent tax – if you eat it in the shop and food – zero tax – if you eat it at your desk.

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約翰•凱

約翰•凱(John Kay)從1995年開始爲英國《金融時報》撰寫經濟和商業的專欄。他曾經任教於倫敦商學院和牛津大學。目前他在倫敦經濟學院擔任訪問學者。他有著非常輝煌的從商經歷,曾經創辦和壯大了一家諮詢公司,然後將其轉售。約翰•凱著述甚豐,其中包括《企業成功的基礎》(Foundations of Corporate Success, 1993)、《市場的真相》(The Truth about Markets, 2003)和近期的《金融投資指南》(The Long and the Short of It: finance and investment for normally intelligent people who are not in the industry)。

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