The VAT Implications of food are not straightforward to say the least. Whilst the food and hospitality industries are like all other businesses in that they must become VAT registered once their annual turnover reaches £85,000, the specifics of whether food sales are VATable and at what rate can be a minefield.
2017 – A Year Of Growth
2017 has been an extremely exciting year for Cottons Chartered Accountants. We’ve seen extensive growth with new offices and staff, continued client success and even a brand-new website.