I read into that, unfortunately its not the same scenario. I have an appointment booked for Feb to see a CTA advisor, HMRC's technical advisor take is they can claim nothing (!). Somehow I don't think that's correct. Fortunately there is little in the way of rental income in the 17-18 year, I'll file a provisional in the minetime to avoid any fines and amend.
Many thanks, thankfully the majority of users on this site still have manners and some common decency.
The mother has since passed away, unfortunately this seems to be more of a tax specialist area as a couple of accountants I have spoken to are not clear on the matter, cannot get an appointment with a tax specialist until Feb. I was hoping to file a provisional for them until a specialist could amend, there is very little rental income in the 17-18 year. They should have been on this earlier, its their first year of filing accounts and are a bit clueless.
Updated since posted
You're right, it's 12.5%, I forgot its gone up since I last worked with flat rate.
Yes, the debit charge doesn't appear on the Just Eat statement as a sale, Just Eat they keep that, I just thought I'd mention it to reinforce my point that I think they are greedy shysters.
I would say at a guess Just Eat will just try to up their commission rates. It may backfire though, people are slowly realising it's not the moneyspinner they think it is when the they realise that Terry down the pub was wrong when he told them turnover equals profit.
Calm down, I'll put my hands up and confess I had a severe case of Fridyitis and typed 16.5% instead of 12%.
In my defence the 16.5% figure isn't a flat rate one I was working on (although I know it is the same as a limited cost Co would pay), it is one I calculated that my client would be actually paying when working out if he would be best off on standard rate or flat rate, it just happened to match.
Maybe what @ lion meant is considering flat rate means you collect 20% and pay 12%, you pay 12% on the gross figure not net, therefore in practice is isn't really that beneficial for the fast food industry. He saves a few pounds in the quarter, hardly a moneyspinner for him but I'll put him on it because its easier to administer. Whatever the reason there's no need to get your knickers in a twist, its only VAT.
Many thanks all! Have a good weekend.
@ lionfludesch - it was James! I take it you have heard of him? Or maybe it was Terry. One of them anyway, there's so many I can't keep up. Sometimes I wonder why I bothered getting educated with all those bloody experts down the local.
Just Eat take the total money paid on cards, delivery charge and all. If the customer prefers to pay cash the delivery man collects at the door but Just Eat log the cash sale as well as they charge commission on all orders placed via their app. They deduct their commissions and fees and pay the difference to the take out.
It is indeed the take away that sets the delivery prices and they arrange their own drivers to provide the service. Just Eat, to my knowledge, do not provide delivery services. In my client's case he uses taxis, he mistakely believed as the drivers were self employed the delivery charge was nothing to do with his turnover.
Personally I don't think Just Eat is worth the hassle, it does bring extra sales but their commissions are a laugh, they even charge the person ordering food 50p for using their debit card. If, as in this case, the sales are pushed over the VAT threshold you are then talking either putting your prices up, which makes you more expensive than the rival across town or absorbing it, flat rate is 16.5% for most takeouts and paying an extra member of staff to boot to cope with the extra work doesn't really make it worthwhile.
I'm gonna go here and make an awkward phone call. Many thanks all.
This is the first year it has been rented out, so no problem with any changes. What other paperwork would you recommend King-Maker? I want to make sure this is kept right in case of a future inspection. Thanks
That's great MBK, thank you
That's great, thank you very much for taking the time to answer at this time of year, I know how busy you all must be.