All retail schemes must record the daily gross takings (DGT) (HMRC VAT – Retail schemes Manual at VRS 10000) from all sources; i.e. cash, cheques, credit cards, debit cards, vouchers and amounts receivable under electronic transactions (www.gov.uk/hmrc-internal-manuals/vat-retail-schemes).

If the retailer sells on credit, gross takings must include any sales made to customers at the time of making the sale though excluding any exempt charges made for credit.

Generally, DGT includes anything where the retailer receives value, including:

(1)gift vouchers;

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