Whole-wheat bread price to rise on scrapping of VAT zero rating

Consumers will soon pay 14% more for whole-wheat bread.

This is due to the scrapping of the VAT zero rating on certain categories of bread which previously qualified as brown bread.

Brown bread has been VAT free since 1991 when the tax was first introduced.

The Money Show’s Bruce Whitfield interviewed PwC’s Charles de Wet.

For more detail; listen to the interview in the audio below.

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