I organise monthly dinners at 55 euro per person, drinks included. But drinks are 21% vAT and food is 12%. How should I divide this percentage, or does it not matter that much? I was thinking of going for 15 euro for drinks and 40 euro for food. I enter it according to the daily income system.
The standard practice is to charge 1/3 for drinks and 2/3 for food.
At least, that was the advice given by the accountant at the large catering company where I provided management, HR and consultancy services for some time!
Thank you! I have also read somewhere that 35% of the menu from drinks should be charged. (Or not to split it up and ask 21% questions across the board, but we're not going to do that)
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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