||04-04-2012 08:41 AM
UK 20% Sports Supplement Tax
"In the recent budget, the Chancellor of the Exchequer George Osborne announced that a 20% VAT tax levy will be added to sports nutrition products. Below is an excerpt from the HMRC consultation document:"
"The products affected exist pre-mixed in liquid form and also in powder form to be made up into a liquid by the consumer. They are often marketed as supplying energy to enhance performance, accelerating recovery after exercise, providing energy, or building bulk and often contain creatine. Examples of products affected by the change include: sports nutrition drinks such as carbohydrate drinks, protein drinks, creatine drinks, work-out recovery products, whether or not in powder form".
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