SolvedVRS8515 | Special Arrangements for certain professions and trades: Women's Royal Voluntary Service (WRVS) hospital units: Calculating output tax under the WRVS adaptation
From HM Revenue & Customs · VAT Retail schemes guidance
| Action | Total £ |
|---|---|
| 1. Work out the output tax for each tax period as follows. | |
| - Add up the DGT for the tax period. | A |
| - Add up the ESP of standard-rated non-catering supplies (taken from the purchase records). | B |
| - Add up the ESP of zero-rated non-catering supplies (taken from the purchase records). | C |
| - Total A + B. | D |
| 2. Work out how much of the DGT is for catering supplies | |
| - Total A - total D | E |
| 3. Work out the standard-rated catering sales (ie sales to people who are not patients) by applying the agreed percentage: | |
| - Total E x Z%\n> > where Z is the percentage of catering supplies which are standard rated, ie solely to non-patients. This is to be estimated by the WRVS and agreed by you. Ensure that the percentage is reviewed at regular intervals. | F |
| 4. Work out the total standard rated sales for the period: | |
| - Total B + total F. | G |
| 5. Work out how much VAT is due, multiply by 1/6 (the fraction for VAT @ 20%): | |
| - Total G x 1/6 (VAT @ 20%) | H |