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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 5023
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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I run a pub that is about to exceed the vat threshold of £82000

Customer Question

I run a pub that is about to exceed the vat threshold of £82000 turnover. I am wondering which vat accounting system would suit my business best ie Flat rate or cash accounting . Total turnover for my first year will be around £100k when my year ends on 30/11/15.
Submitted: 2 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 2 years ago.
Hello and welcome to the site. Thank you for your question.Your question is “I am wondering which vat accountingsystem would suit my business best ie Flat rate or cash accounting.”My response with example is covered here I hope this is helpful and answers your question.If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.