Friday Quiz - 22/05/2020 V2

1. What is the sum of the angles inside a triangle?

100

180

200

360

2. In which English town was William Shakespeare born?

Bath

Chester

Stratford-upon-Avon

Warwick

3. What is the name of everyone's (least) favourite lockdown PE at Home guru, also known as The Body Coach?

Fern Britten

Jane Fonda

Joe Wicks

Mr Motivator

4. What is the VAT treatment of a carton of school milk (or any other, e.g. supermarket milk)?

Exempt (0%)

Reduced rate (5)

Standard rate (20%)

Zero rate (0%)

Originally designated as a zero-rated food and not a beverage, milk was viewed to be reclassified when the definition of a beverage was widened (Value Added Tax (Beverages) Order 1993) for those who want to do some further reading.
An exception was then created for milk (overriding item no 6 Milk and preparations and extracts thereof) to allow it to retain its zero-rating for VAT.
Hooray!

Explanation

Originally designated as a zero-rated food and not a beverage, milk was viewed to be reclassified when the definition of a beverage was widened (Value Added Tax (Beverages) Order 1993) for those who want to do some further reading.
An exception was then created for milk (overriding item no 6 Milk and preparations and extracts thereof) to allow it to retain its zero-rating for VAT.
Hooray!