How do we make our catering business viable when the vat you pay Hmrc is so vast?

Hi
We have a catering franchise at a golf club and our 2nd vat 1/4 is upon us & vat will be due once again. Can anybody shed some light on how to make the ratio of payments to Hmrc versus what we can claim back more in our favour? Our last 1/4 we paid over £4k and could only claim back round £400.00!!!!
Surely this ratio is incorrect.?
Continually paying at this rate will seriously affect the viability of our business ?
Any help/ advise welcome.

Thanx

Comments
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Make your pricing work for you ...

dbowleracca |
dbowleracca's picture

Hi there

pjclar02 |

Flat rate

mackthefork |

seems to me you are only just over threshold (annualised basis)

Tonykelly |
Tonykelly's picture

Them's the breaks

Roland195 |

Cash accounting?

Peter Bonetti |

Definite winner

mackthefork |

My guess is

mackthefork |

Cash flow could be an issue

Peter Bonetti |

Existing Business

Bagas.Ynnya |
Bagas.Ynnya's picture

Margins

James Hellyer |
James Hellyer's picture

James is correct

petersaxton |
petersaxton's picture

Worked example

James Hellyer |
James Hellyer's picture

Bambi burger?

Steve Kesby |
Steve Kesby's picture

Devon is expensive!

James Hellyer |
James Hellyer's picture

Ivy?

petersaxton |
petersaxton's picture