V3.557 Calculation of daily gross takings (DGT)

Part V3 Supplies, acquisitions and imports

V3.557 Calculation of daily gross takings (DGT)

V3.557 Calculation of daily gross takings (DGT)

The till roll or other record of sales together with any necessary additions constitutes DGT. It is this figure (and not simply the cash received into the till) which must be used when calculating output tax due under the retail scheme1.

The following must be included in DGT at the time they are received from cash customers2:


    •     cash


    •     cheques


    •     payments by debit or credit cards


    •     electronic cash payments


    •     the face value of gift, book and other vouchers redeemed (except vouchers redeemed for cash3)


    •     any other payments for retail sales, and


    •     the value of any payment in kind for retail sales.

Adjustments to daily gross takings4

Where any adjustments to DGT are required, retailers must maintain a record accordingly. These adjustments may vary depending upon which scheme the retailer uses.

The schemes are abbreviated as follows—


    (1)     point of sale scheme—POS;


    (2)     apportionment schemes—APP;


    (3)     direct calculation (expected selling price) schemes—ESP.

Amusement and gaming machines

The “taxable take”5 (cash and/or tokens) from amusement machines and gaming machines should be added to DGT in the POS scheme6, but excluded in the APP scheme7, and the VAT accounted for separately8. In the ESP scheme, the “taxable take” must be added to the DGT where the retailer calculates the expected selling price of zero/lower-rated goods. Otherwise the “taxable take” must be excluded from DGT9, and the VAT accounted for separately10.

Barter/part exchange

The full selling price11, including VAT, must be included in DGT12. Second-hand goods taken in

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