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Post Info TOPIC: Sandwich bar query


Senior Member

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Sandwich bar query


Hi everyone and apologies for being so distant, work has been really busy. Just a quick question on behalf of a friend of a friend. They have a sandwich bar and are VAT registered, they have been told they cant claim back all the vat on the rent and only a proportion as it is in relation to the proportion of sales. Surely its irrelevant?



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Sam



Master Book-keeper

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Posts: 8039
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Everyone's busy.

Nobody is posting.

Even less people are providing answers..

They have been told....by whom? If it's by anybody less than an Accountant, great bookkeeper with extensive vat knowledge or a VAT expert, tell them to stop listening to their mate down the pub and pay for proper. professional advice. If it's by an Accountant ask them to ask that Accountant for what part of the vat act covers the advice they have been given....specifically.

I suspect they are mixing up terminology. Have we got the full story here. Why is a proportion of the rent applicable to the proportion of the sales? What else is the area being rented being used for and by whom?

On what basis in law do you consider the correct answer to be?

The questions are just ponderings.






-- Edited by Cheshire on Friday 29th of November 2019 07:10:06 AM

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Joanne

Fallows Hall Ltd

Winner - Bookkeeper of the Year 2015, 2016 and 2017

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.



Senior Member

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Posts: 321
Date:

Hi Jo, it was a very brief message so I dont have the full details until Monday, just thought it was a bit bizarre. As far as I am aware it is sole use of the property and their bookkeeper told them about the VAT.

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Sam



Master Book-keeper

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Hi Sam

Only a guess but methinks the bookkeeper has assumed you can only claim in proportion to the sales that are standard rated.

Incidentally, are we talking flat rate VAT or standard scheme?



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John

Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.



Senior Member

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Date:

Standard as far as I am aware but I can't find out more until Monday

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Sam

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