I am considering setting up a bookkeeping and accounting service for pubs and am aware that this may be a hot potato as far as HMRC is concerned.
As takings are mainly cash and credit cards, this is obviously an area of concern. In addition, there are complications with output tax when accounting for the range of food, drinks and snacks that may be sold.
As this service is offered by a number of accountants in practice, I would be most grateful to hear from anyone who is either able to suggest:
- some critical success factors, tips or advice when providing such a service, or
- any good HMRC publications concerning VAT and/or other matters that they raise
Thank you in anticipation