Postby Kobayashi » Thu Jan 15, 2004 3:32 pm
Hello Peter
Your last line caught my eye as I'm looking into various schemes to see if they might be beneficial to my business. I own an Internet Cafe and have gone through the list of businessÂ’s that are eligible for the FRS on the hmce.gov website but Internet Cafes aren't listed. I phoned them but they couldn't help apart from saying that I could write to them explaining my problem? I have completed a couple of VAT returns and because of the overheads in setting up the cafe, the returns haven't been too bad but now that it's set up my turnover is considerably more than my outgoings (vending machine stock) and I can see a large VAT bill on the horizon. In going through the PDF doc that you recommended I came across the "Retail scheme" which I recall asking my accountant about many month's ago, I believe his reply was "yes, that might be good for you" but I never heard any more.
Any thoughts on what might be my best option?
Regards
Gary