Good afternoon,
We work with food, which means that occasionally we have to discard finished products because they are no longer within their use-by date.
Do I need to record this somewhere, because ultimately it is a sale-ready product that is being discarded?
Thank you in advance for your advice.
No, I used to have a friend who owned a sandwich shop. He stopped operating it due to the pandemic...Waste is just part of the business, everyone knows that (including inspectors). If it's really extreme, you can always make a note of it in your diary or something. A broken fridge or something that meant you had to throw away an extreme amount. But that will also be noticeable in your accounts, because you will have bought a new fridge or paid for maintenance... That's just an example, of course :)
I'm a plumber and I have that from time to time too, bits here and there that I really can't use anymore. That's also regularly the case at my regular job, just throw it in the bin :)
Okay, thank you all for your responses :-)
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
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