VAT on food

[Deano CTW]

If I prepare food and then sell it on for private functions, business dinners etc and once registered for VAT what can I claim vat back on?

Any information greatfully received - I'm new to the game and still learning! ta :redface:

[ARK]

anything you use in your business that you have a VAT reciept for.

[Deano CTW]

Thanks, but I'm still unsure whether if I sell a platter of prepared food to a business or a private individual whether I should be charging VAT on top of the price.:redface:

[snipe12]

I am not 100% sure at all but:


99% of food you buy is zero V.A.T.

When you make something from it and sell it, you add VAT so therefore you would reclaim nothing, the business buying your service would reclaim it, you would just pay VAT that you have charged people.

http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageExcise_ShowContent&propertyType=document&columns=1&id=HMCE_CL_000118

The link is just to show what you should pay vat on and what not purely when buying food.

[ARK]

http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&id=HMCE_CL_000160&propertyType=document#P24_1042

take a look at this link it will help you decide what to charge VAT on

[Deano CTW]

Thanks to both of you for the help, much appreciated. :)