Yorkshire Post - Property - - PROPERTY -

VAT. For turnovers up to £77,000 there is no VAT to pay and with a turnover of up to £150,000, you can choose to go on the Flat Rate VAT Scheme which means a rate of 10.5 per cent for a B&B busi­ness.

Staff. You may need part­time work­ers, though of­ten the only help an owner needs is with the clean­ing.

Web­site. This is es­sen­tial and the cost of build­ing one has come down in re­cent years or you could cre­ate one your­self.

As­so­ci­a­tions. There is usu­ally a re­gional or lo­cal as­so­ci­a­tion to help you net­work with other B&B own­ers. Visit www. band­bas­so­ci­a­tion.org

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