What new lessees need to know... 

During the first year after the change of lease (COL) your accountant will:

• Register your business for VAT and PAYE (where necessary) as soon as possible
• Register your business with HM Revenue & Customs as soon as possible.
• Make an initial visit, within two weeks of the COL, to complete any necessary pre-trading paperwork and to explain how your accounting services will be delivered. The initial visit may be held at either your pub or at an S&NPC training course.
• Following the initial visit, your accountant will obtain a signed agreement from you confirming your understanding of the arrangements and acknowledging that all accounting information provided to the accountant will, at S&NPC’s request, be supplied to SNPC and/or third parties.
• Every Monday, for the first four weeks after the COL, your accountant will telephone you to assist with any difficulties that you may have completing accounts-related paperwork
• Visit you, no later than four months after the COL, to deliver and explain the first set of management accounts in detail, and ensure you fully understand the workings and content of those accounts.
• Arrange to two further site visits within the first 12 months of trading (these meetings may be conducted by telephone but only with your agreement).     

On the day that you enter your property, your stock taker will:

• Conduct the initial handover of stock and compile valuations that include all liquor, food, sundry stocks and glassware
• Provide you with advice on condition and age of perishable good
• Fully explain the stock taking service and advise you on stock rotation, storage, paperwork presentation and any other relevant issues
• Issue you with a valuation certificate.

Within the first year:

• Complete a further 11 stock takes in year one on a rolling 28 to 35 day basis with a minimum of 12 completed stock takes in the first year. (Stock takes are wet only, dry stock takes by agreement with your appointed service provider)