Adjustment for VAT on hot food

Forum Categories › GENERAL VAT DISCUSSIONS › Adjustment for VAT on hot food

  • This topic is empty.
Log In Register Lost Password
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • 3 January 2020 at 14:30 #55622
    AMC
    Member

    Please could you provide the calculation to adjust for VAT on hot food sales on the VAT return.

    Example: takings £100,000; zero rated £94,900/standard rated £5,100
    What figure is adjusted in box 1 in respect of the above figures and how is it calculated?  
    Thank you.

    6 January 2020 at 22:20 #55978
    VAT-adviser
    Member

    Box 1 is the amount of VAT due in this period on sales – i guess in your case is 20% of 5,100 (if the 5,100 is the sales before VAT).

  • Author
    Posts
Log In Register Lost Password
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.