Trek and Nakd maker Natural Balance Foods sinks to a loss on £11m VAT bill

Biscoff Trek bar

A backdated £11m tax bill has sent Natural Balance Foods tumbling into the red as the Trek and Nakd bar producer fell foul of HMRC VAT rules

The business sank to a £6.6m pre-tax loss in 2024 after paying £10.9m to the exchequer related to a dispute with HMRC over the VAT treatment for some of its snack bar products

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