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Post Info TOPIC: Cafe experts


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Cafe experts
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Hi. Does anyone have any tips regarding accounts for a cafe? Just wondered if there is anything to look out for? Thanks Stuart

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I have several cafés on my books -they tend to purchase lots from the local supermarkets and include their own shopping on there-look for purchases that you wouldn't expect in a cafe -including food stuff-one off items etc
The other problem some have is recording the sales -most of mine give me the till Z readings at the end of the day -they can be a nightmare to read

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Regards

Sharon



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Is vat an issue sometimes ?

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Hi Stuart VAT becomes an issue only on take away. The general rule being if it's hot then charge vat if it's cold then zero rate (except of course for standard rated stuff like crisps and canned drinks etc). There was a recent ruling about whether a sausage roll that has just been cooked is a hot takeaway or a cold one, the conclusion being that if the said sausage roll is not above ambient room temperature then it's zero rated. If the owner gets a till that has separate buttons for vatable and non vatable it will make your job easier if they attach the 'z' reading to a daily/weekly cash sheet.

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Rob
www.accounts-solutions.com


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The Flat Rate Scheme is 12.5%, given that a lot of the purchases may be zero rated it could be worth exploring this angle.

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Rob
www.accounts-solutions.com


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Thanks Rob. This all sounds really interesting :) said I no ; p

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I only have one cafe that is actually Vat registered and they have a complex till that splits everything

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Regards

Sharon

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