As most retailers sell a high volume of lower priced commodities, some subject to zero rate and some standard rate VAT, HMRC has created a number of special schemes that simplify the calculation of VAT due.
What schemes are available?
Standard retail schemes are suitable for most retail businesses. However, there are special arrangements and rules for caterers and catering, chemists and florists.
There are three main categories of published, standard retail schemes and a DIY version:Read this post