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Post Info TOPIC: Charging VAT in Cafe
Moomin


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Charging VAT in Cafe
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Hi all,

I have a question for you all which shows my lack of knowledge of how the real world works!

I have a new client who runs a deli / cafe and so sells a mix of zero and standard rated items.  She has just gone over the VAT threshold and has asked me to register her for VAT and take over her books.  Because she has a lot of low value cash transactions in a day she has been entering a single figure each day for her sales.  However, I think that now we will need to have two daily sales totals, one at standard VAT and one at zero VAT.    Is this right and if so what is the easiest was to track this?  She has suggested running two tills but I feel like there must be an easier way!

I have suggested that she discuss the flat rate scheme with her accountant as this may work out better for her.  Any other thoughts would be appreciated, I feel like I am missing something really obvoius!

Thanks, Jackie



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Peasie


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Couldn't she get one till that separated standard rated sales from zero rated sales?

Or using one of the VAT retail schemes that apportion things (need to do some reading on that one).

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semsley


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Doesn't her till have the option to have products input on different numbers (which could be used as the different VAT codes)?

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Moomin


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Thanks for your replies. See, this is where my ignorance of modern retailing is letting me down, the last till I used was about 30 years ago in Sainsburys when they were not much more than glorified calculators! smile  Having googled electronic tills I can now see what she needs to do.

Also I have been having a look at the VAT retail schemes and I think she may be better on one of those, I will print all the info out for her and ask her to discuss it with her accountant.

Thanks again, J



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susanexpress


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huh

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attilabenko


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Hi,

The running two tills would not work anyway in real world, just imagine a customer buying zero and standard rated items at the same time...
Most of the tills nowdays, even the cheapest ones, are able two deal with different VAT rates.

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