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Pringles to cost P&G millions

PROCTER &amp; Gamble &nbsp;(P&amp;G) will have to pay out tens of millions of pounds in VAT after it lost a &nbsp;legal battle over its Pringles snack yesterday.<br /><br />The Court of Appeal found in the Inland Revenue&rsquo;s favour, saying that Pringles are a potato snack, which means they&rsquo;re liable for VAT.<br /><br />Last summer, a High Court judge ruled that the food should be tax exempt.<br /><br />But the decision has been overruled. Pringles, which are 42 per cent potato, will now cost P&amp;G &pound;20m a year in tax, as well as &nbsp;a &pound;100m pay out for the past.