Finance Focus: The Hospitality VAT Cut -
Автор: The Nationwide Caterers Association
Загружено: 2020-07-21
Просмотров: 427
Описание:
We've been contacted by members this last week who are unclear about the temporary 5% VAT rate announced by government. We'll be joined by The Catering Accounting Company's Andrew James to discuss the new measure, which will cover the period from 15th July 2020 to 12th January 2021.
Find out more about The Catering Accounting Company here: http://www.catering-accounting.co.uk/ - NCASS members receive a 20% discount!*
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Topics:
03:30 - Back to basics on VAT
05:28 - Common mistakes - not registering at the right time
08:22 - 4 VAT rates to be mindful of
12:51 - Can I register and then de-register?
15:42 - What is rated?
16:40 - The flat rate scheme
19:25 - When do you have to do a VAT Return?
23:25 - The temporary VAT Cuts
25:01 - Andrew's examples
31:38 - How can it be made easier?
37:13 - Q&A
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