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Vat and funeral directors

  • Fellow PM.Dip
  • Practice Licence
  • 8 posts
  • # 72663

If you are getting this post twice, apologies.

My client is a funeral director and the trade is being transferred into an existing limited company which already has vatable income.
I know the rules of vat partial exemption. I am uncertain how best to set up Sage accounts so that the different vatable "pots" will fall out at the end of each quarter without too much recalculation. I'm thinking departments - basically other vatable income, funerals vatable, funerals exempt and the "pot".

If anyone has experience of this particular issue, I would appreciate their thoughts.

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