Friday Quiz - 14/02/20 - Quiz, Flashcards & Trivia

1. In which city is the World Health Organisation based?

Beijing

Cologne

Geneva

London

The World Health Organisation is based in Geneva.

Explanation

The World Health Organisation is based in Geneva.

2. What is the correct VAT treatment on the sale of Jaffa Cakes in one of the shops at an Anchor Hanover Group care village?

Exempt - it's a supply to people in care

Lower-rated (5%) - it's a fuel

Standard-rated (20%) - it's a biscuit

Zero-rated - it's a cake

When the courts were determining this, they left a plate of cakes and biscuits out to see whether the Jaffa cake would go soft like a biscuit, or hard like a sponge cake.
The result… the Jaffa cake went hard and was therefore defined as a cake for VAT purposes.
Cakes are always zero rated regardless of whether they are topped with chocolate.

Explanation

When the courts were determining this, they left a plate of cakes and biscuits out to see whether the Jaffa cake would go soft like a biscuit, or hard like a sponge cake.
The result… the Jaffa cake went hard and was therefore defined as a cake for VAT purposes.
Cakes are always zero rated regardless of whether they are topped with chocolate.