What does a hotel consultant do?
As the VAT rate changed on a mid-week and also a ‘mid-VAT period’ day, it would be worth checking that whoever is doing your VAT Return is conscious of making the necessary adjustments to VAT due to be paid over to the HMRC.
For exactly the same reasons it is also worth checking that you continue to claim back all the VAT that you have paid out on all purchases, not just for the liquor and claim that all back at the 20% that you will have been charged by suppliers. Your suppliers are not charging you any less VAT, it will still be at 20%.
Related posts
