Join BKN

Join BKN
Join BKN

Vote for a 2014 BKN Bookkeeping Award Winner

Join BKN

Post Info TOPIC: Vat on Pub Sales


Veteran Member

Status: Offline
Posts: 81
Date:
Vat on Pub Sales


I have a new client - public house and just doing the vat return. I get a z reading from the till every day wich i have entered in to the 4000 nominal as a gross amount? is that correct? Will the z reading have Vat on the total amount. They dont serve any food , just the usual crisps and nuts. ? Thanks 



__________________


Senior Member

Status: Offline
Posts: 161
Date:

The Z reading will include VAT. Do check that the cash takings match the Z reading, though.

__________________



Senior Member

Status: Offline
Posts: 161
Date:

The Z reading will include VAT. But do check that the takings match the Z reading!



__________________


Veteran Member

Status: Offline
Posts: 81
Date:

Thank you, so i just hit F9 when i enter the total amount? Their vat bill seems to be very high. ?



__________________


Senior Member

Status: Offline
Posts: 161
Date:

The simple cross check is to multiply the gross takings by 1/6 (the VAT fraction). Hope this works!



__________________


Veteran Member

Status: Offline
Posts: 81
Date:

ok will try it thanks very much - Linda



__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  

BKN Special Offers

 

Resources

Careers & Qualifications  Start Up Essentials  Marketing Centre   Software Reviews
What is a book-keeper  Register as Self-Employed Networking  Software Blog
 Home Study Courses  Money Laundering Local Accountants  
 Qualifications/ Associations  Data Protection Direct Marketing  
 Franchises  Registering as an agent  Telemarketing  
 College / Night School  PI Insurance  Directories  
 Recruitment  Stationery  Google  
     Twitter  
     Volunteer Work  

 

 

 

 

 
 

 
   

 

Copy Right Bookcert Limited