confused: VAT flat rate scheme

cherry2017

nick74 said:

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.

Thank you so much!