Tel: 0115 943 6493

    Email: info@wrenaccountancy.co.uk

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Since 2018, online marketplaces (such as eBay or Amazon) have been required to help tackle online VAT fraud. These

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The VAT Flat Rate Scheme (FRS) has been designed to simplify the way a business accounts for VAT and in so doing reduce

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HMRC has published a new guidance titled ‘Corresponding with HMRC by email’. The guidance was published on 9 August 2022

Catering industry

Hungry for success? Let us help you taste it sooner with our expertise in this field
Wren Accountancy Services have a vast range of experience in dealing with the catering industry, in particular restaurants and outside catering and the licensed trade. Areas where guidance is often needed are as follows:

  • Help and assistance in choosing the correct legal structure for operating the business in the first place
  • VAT rules relating to standard rated and zero rated supplies within the sandwich bars sectors. This is an area of great uncertainty as to the interpretation of the relevant legislation
  • How to correctly deal with tips and ex gratia payments left by customers within restaurants and sandwich bars
  • Help and assistance with maintaining records that meet the requirements to prepare self-assessment tax returns for individuals and partnerships, and to prepare accounts for limited companies where the directors are not in breach of their duties (this is particularly important for cash businesses)
  • Help and assistance in dealing with the valuation of goodwill in relation to the businesses gained from a detailed history of transactions in that sector

We have a wide range of hotels, restaurants and public houses as clients. They require specific assistance in controlling and recording their cash transactions, payroll and planning capital expenditure. They also need special planning in relation to capital gains tax

Contact Us

Wren Professional Services Ltd

4 Cross Street, Beeston

Nottingham

NG9 2NX

0115 943 6493

info@wrenaccountancy.co.uk

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