confused: VAT flat rate scheme

cherry2017

If I choose Flat rate scheme for a resturant, example if  turnover is 200,000, 
but there are 100,000 are cold raw food and drinks which are not served in the shop,
Do I have pay with FRS  200,000*12.5%?  or 100,000(served in the shop)*12.5%?
Thanks

nick74

You pay the flat rate on all of your turnover, even zero-rated or exempt sales:

https://www.gov.uk/government/publications/vat-notice-733-flat-rate-scheme-for-small-businesses/vat-notice-733-flat-rate-scheme-for-small-businesses

Pennywise

Flat rate applies to all turnover of different rates of VAT.  You can't apply the flat rate to one type of turnover and not to another.  The flat rate percentages have been computed to take account of average splits of turnover between different VAT rates for each business category etc.

cherry2017

nick74 said:

You pay the flat rate on all of your turnover, even zero-rated or exempt sales:

https://www.gov.uk/government/publications/vat-notice-733-flat-rate-scheme-for-small-businesses/vat-notice-733-flat-rate-scheme-for-small-businesses

Thank You so much, that link is useful.
How about flat rate for restaurant, is it normally 12.5%? So next April the rate back to 12.5, right?

cherry2017

Pennywise said:

Flat rate applies to all turnover of different rates of VAT.  You can't apply the flat rate to one type of turnover and not to another.  The flat rate percentages have been computed to take account of average splits of turnover between different VAT rates for each business category etc.

Thanks, How about flat rate for restaurant, is it normally 12.5%? So next April the rate back to 12.5, right?

nick74

cherry2017 said:

nick74 said:

You pay the flat rate on all of your turnover, even zero-rated or exempt sales:

https://www.gov.uk/government/publications/vat-notice-733-flat-rate-scheme-for-small-businesses/vat-notice-733-flat-rate-scheme-for-small-businesses

Thank You so much, that link is useful.
How about flat rate for restaurant, is it normally 12.5%? So next April the rate back to 12.5, right?

It's currently at the reduced flat rate of 4.5% for restaurants and takeaways, however that is due to increase to 8.5% in October, then it is expected to go back to the original 12.5% flat rate from April 2022.

cherry2017

nick74 said:

cherry2017 said:

nick74 said:

You pay the flat rate on all of your turnover, even zero-rated or exempt sales:

https://www.gov.uk/government/publications/vat-notice-733-flat-rate-scheme-for-small-businesses/vat-notice-733-flat-rate-scheme-for-small-businesses

Thank You so much, that link is useful.
How about flat rate for restaurant, is it normally 12.5%? So next April the rate back to 12.5, right?

It's currently at the reduced flat rate of 4.5% for restaurants and takeaways, however that is due to increase to 8.5% in October, then it is expected to go back to the original 12.5% flat rate from April 2022.

Thanks. For shop I mentioned, half cold half hot, is flat rate or normal? Do the shop has to keep every single receipt as proof?

nick74

cherry2017 said:

nick74 said:

cherry2017 said:

nick74 said:

You pay the flat rate on all of your turnover, even zero-rated or exempt sales:

https://www.gov.uk/government/publications/vat-notice-733-flat-rate-scheme-for-small-businesses/vat-notice-733-flat-rate-scheme-for-small-businesses

Thank You so much, that link is useful.
How about flat rate for restaurant, is it normally 12.5%? So next April the rate back to 12.5, right?

It's currently at the reduced flat rate of 4.5% for restaurants and takeaways, however that is due to increase to 8.5% in October, then it is expected to go back to the original 12.5% flat rate from April 2022.

Thanks. For shop I mentioned, half cold half hot, is flat rate or normal? Do the shop has to keep every single receipt as proof?

If your turnover is under £150k you can choose whether to use the flat rate or standard VAT. 
If you're on standard VAT you will need to record whether each sale is zero rate or standard rate. Ideally you need a till which can differentiate between the two types of sales.

cherry2017

nick74 said:

cherry2017 said:

nick74 said:

cherry2017 said:

nick74 said:

You pay the flat rate on all of your turnover, even zero-rated or exempt sales:

https://www.gov.uk/government/publications/vat-notice-733-flat-rate-scheme-for-small-businesses/vat-notice-733-flat-rate-scheme-for-small-businesses

Thank You so much, that link is useful.
How about flat rate for restaurant, is it normally 12.5%? So next April the rate back to 12.5, right?

It's currently at the reduced flat rate of 4.5% for restaurants and takeaways, however that is due to increase to 8.5% in October, then it is expected to go back to the original 12.5% flat rate from April 2022.

Thanks. For shop I mentioned, half cold half hot, is flat rate or normal? Do the shop has to keep every single receipt as proof?

If your turnover is under £150k you can choose whether to use the flat rate or standard VAT. 
If you're on standard VAT you will need to record whether each sale is zero rate or standard rate. Ideally you need a till which can differentiate between the two types of sales.

Thanks, 
It has registered as flat rate, I heard if it reached 300,000, you have to go back to normal 20%, is it 300,000 the point to switch back? Just curious, as the business unlikely reach that high.

dctrgre

If you are asking (relatively) basic questions like this I suggest you seek formal professional advice. Getting VAT wrong can be EXPENSIVE.

nick74

cherry2017 said:

nick74 said:

cherry2017 said:

nick74 said:

cherry2017 said:

nick74 said:

You pay the flat rate on all of your turnover, even zero-rated or exempt sales:

https://www.gov.uk/government/publications/vat-notice-733-flat-rate-scheme-for-small-businesses/vat-notice-733-flat-rate-scheme-for-small-businesses

Thank You so much, that link is useful.
How about flat rate for restaurant, is it normally 12.5%? So next April the rate back to 12.5, right?

It's currently at the reduced flat rate of 4.5% for restaurants and takeaways, however that is due to increase to 8.5% in October, then it is expected to go back to the original 12.5% flat rate from April 2022.

Thanks. For shop I mentioned, half cold half hot, is flat rate or normal? Do the shop has to keep every single receipt as proof?

If your turnover is under £150k you can choose whether to use the flat rate or standard VAT. 
If you're on standard VAT you will need to record whether each sale is zero rate or standard rate. Ideally you need a till which can differentiate between the two types of sales.

Thanks, 
It has registered as flat rate, I heard if it reached 300,000, you have to go back to normal 20%, is it 300,000 the point to switch back? Just curious, as the business unlikely reach that high.

It's actually £230k, but I agree with the post above, you should really seek professional advice.