When rateable values were last updated in 2017, the apple was the UK’s favourite fruit. It now barely features in the top 10 – a sign that a lot has changed in three years.
Imagine going to your local supermarket or greengrocer, because you fancy an apple. You have plenty of choice – granny smith, cox, pink lady – and all are on offer at half price because of a great harvest this year. That £1 bag of apples is now just 50p. The government applies a tax to apples, which works out at about half the value, so you approach the counter, expecting to pay 75p.