I have a client that has many receipts for food purchases from Tesco, Waitrose etc etc with very little input Vat. I have been struggling by trying to split these bills with the odd item that has Vat on them.
The majority of their sales are 20% Vat rated, although there is a-some zero rated (takeways etc).
They are two large to apply for Flat Rate Vat.
I'm not sure the apportionment scheme would apply, as the purchases are not for resale - they are ingredients in the meals, and I don't think the direct calculation method would help at all.
I want to reduce the book-keeping time as it takes so long.
Any ideas anyone?