Appropriate Vat scheme for bakery?

Appropriate Vat scheme for bakery?

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Hi
I'm taking on a local cake decorating partnership and they are approaching the Vat decoration threshhold.

I've submitted the registration, but wonder which scheme is most suitable, the Vat helpline were distinctly unhelpful.

They have a small shop decorating birthday/wedding cakes, which are made on the premises. They also have some std rated sales - cake decotrating paraphonalia etc

Looking at the IR website, I guess the retail scheme apportionment 1? That way they pay over outputs based on the ratio of zero rated/std rated sales and get to reclaim any std rated inputs?

Your wisdom once again please!
pixie

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By AnonymousUser
01st Mar 2007 22:06

Thanks Ian!
Thanks Ian - sorry about the Vat decoration limit - but it sounds right....certainly interesting!
The Direct Calc scheme 1 sounds like the best option - appreciate your advice, thanks v much.

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