EPOS from CSY makes VAT calculation easy for garden centres

by | Jun 3, 2017 | News | 0 comments

EPOS

?Calculating VAT can be complex for garden centres ? especially if you try to sell sunflower seeds.?? That?s the message from Electronic Point of Sale (EPOS) specialist CSY Retail Systems, who is helping retailers to understand how to accurately record the VAT rates on their products.

?Edible seeds such as sunflower seeds are zero-rated, which means consumers aren?t charged any VAT ? but not always, as it depends on the intent.? If the seeds are packaged or promoted as wild bird food, the seeds are no longer zero-rated and reverts to the standard rate,? explained Ross Pierrepont, managing director of CSY.

?It isn?t only seeds where VAT rates can catch garden centres off guard.? Did you know that gift sets which combine a book and CD need to be charged at a special composite rate, because VAT is only chargeable on the CD but not on the book??An EPOS system is a smart way of solving these issues.? It is easy to integrate EPOS with stock management software, so that items can be entered into the system with the appropriate VAT rate.?For businesses like garden centres where customers pay different rates of VAT, the EPOS system can also be set up to prompt store assistants to input the correct details, to speed up service and guarantee accuracy.?

CSY has written a blog highlight some of the common areas where calculating VAT can be complex.? It can be read at: http://www.csy.co.uk/blog/get-retail-vat-calculations-right-with-epos/

more latest news ➡

New logo for the Bransford Webbs Plant Company

A fresh, new look for The Bransford Webbs Plant Company

The Bransford Webbs Plant Company is proud to unveil a new company logo, launching at The 2024 National Plant Show at Stoneleigh Park. An evolution of the original Bransford Webbs logo introduced almost twenty years ago; the heritage shades of purple and green have...

GCA CEO Peter Burks hosting a free sustainability webinar this month with the focus on water and ‘navigating the green minefield’

Free sustainability webinar for GCA members

Garden Centre Association (GCA) members will hear from a trio of sustainability experts during a free webinar this month (June 2024). The GCA is hosting the online event on June 26 from 3-4.30pm and it will cover water conservation and how to navigate environmental...

Retailers

Nearly 40% of UK retailers fail to meet delivery times

A new study, carried out by post-purchase customer experience provider parcelLab and e-commerce customer care - and fulfilment specialist Salesupply, highlights significant gaps in delivery reliability, tracking transparency and customer service...

Blue Diamond posts 2023 figures

Blue Diamond posts 2023 accounts

The new largest garden centre group Blue Diamond has posted its 2023 accounts which shows a £24.2m profit – a 16% increase on 2022. Sales for 2023 were £310.6m versus £259.3m last year, a 20% increase on 2022, and a 9% like for like uptake. This marks an important...

Read GCR's latest edition!

Subscribe ToThe Wednesday Word

Subscribe To
The Wednesday Word

 

Get all the latest news, events & more straight to your inbox every Wednesday.

You have Successfully Subscribed!

Pin It on Pinterest

Share This