WHA – It’s a Knockout

On 4 September 2019, eight Travel Industry teams went toe-to-toe with WHA in a “It’s a Knockout” inspired afternoon of fun and team building.  The event was hosted in Richmond, and the winning team would choose a charity to receive the proceeds from the event. The Travel Network Group, Teletext Holidays, Broadway Travel, Travel Weekly,…

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Luke Photi

Further Clarification on TOMS for MTD

During the ABTA Travel Finance Seminar last week, there was some confusion regarding Making Tax Digital (MTD) and Tour Operators Margin Scheme (TOMS).  In particular, the question was raised as to the proposed staging date. As you will likely be aware, the date in which MTD ceases as a pilot scheme and becomes live is…

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Luke Photi

Making Tax Digital – Are you ready?

What’s it all about? If you’re fond of listening to the radio, the chances are that you’ve heard the government’s catchy advertisement for ‘Making Tax Digital’ (MTD). It’s the latest initiative from Her Majesty’s Revenue and Customs (HMRC) to simplify the tax system. In a nutshell, we’re eventually going to have to submit all tax…

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Head of Travel & Leisure

HMRC Publishes Guidance on TOMS

Last month HMRC issued Revenue and Customs Brief 13 (2018) outlining changes to the VAT treatment of retained payments and deposits. For travel organisers using the Tour Operators Margin Scheme (“TOMS”) this will mean that from 1 March 2019 cancellation income cannot be isolated from the TOMS calculation as currently. HMRC Brief 13 2018 Of…

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A no-deal Brexit could torpedo a key benefit of the EU Package Travel Directive, warns Chris Photi

UK Package Travel Regulations (PTRs) which came into force in July brought mutual recognition of consumer financial-protection regimes across the EU, in line with Europe’s Package Travel Directive. It meant UK-based travel businesses could sell EU-wide under UK protection rules and businesses based elsewhere in the EU could sell into the UK under the rules…

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WHA are moving

WHA’s HQ has been situated in Mortlake, SW14 for almost 20 years. For a number of reasons we have decided to move to a brand new office situated in the beautiful location of Richmond Upon Thames. Therefore from 1 April 2018 our new permanent address will be: 2nd Floor Nucleus House 2 Lower Mortlake Road…

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The Budget in bullet points

The Chancellor Philip Hammond announced the changes in his Autumn Budget earlier today. Enclosed are a list of key announcements from today’s budget and when the changes will take place:- With immediate effect: new announcements From 22 November 2017, Stamp Duty Land Tax (SDLT) abolished for first time buyers on homes costing up to £300,000;…

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Making Tax Digital – Further Delays

Making Tax Digital has been shrouded in uncertainty since its inception.  The goal posts have already been moved a few times, but this latest announcement has potential moved the whole pitch! HMRC’s original plan would have made Small entities and sole traders to start quarterly reporting from April 2017, but those below the VAT threshold…

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The Big Tent Event 2017

Travlaw’s Big Tent Event is fast becoming a core event in the travel calendar, with industry professionals meeting to network and discuss important industry topics and future developments.  WHA had the privilege of once again sponsoring this excellent industry event. Celebrating 10 years, The Big Tent Event 2017 drew its largest audience yet, where attendees enjoyed…

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Preview of the 2016 Autumn Statement

“Careful, considered and targeted” are the words uttered by the new Chancellor Philip Hammond, when questioned about potential fiscal boosts in the autumn statement.  Therefore, it’s safe to say we shouldn’t expect any major positive changes come next Wednesday.  Over the past 3 years, previous Chancellor George Osborne’s target was to reduce the UK’s deficit,…

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The Travel Convention 2016

The Yas Viceroy in Abu Dhabi plays host to plenty of glamourous events, therefore it made the perfect backdrop for ABTA to host its annual Travel Convention.  Hundreds of delegates from the UK Travel Industry gathered to spend the 8th – 10th October listening, debating and networking through some of the most important current and upcoming…

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The Gunger Games

At the start of September, industry charity ABTA Lifeline announced the travel industry “tributes” chosen for this year’s Gunger Games. All Leisure Travel Group chief Roger Allard, Cosmos Tours & Cruises’ Giles Hawke, TTG Media’s Managing Editor Daniel Pearce and our very own, head of travel and leisure, Chris Photi went toe to toe in…

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Let’s provide some confirmation

You may or may not be aware that Companies House is changing its Annual Return policy.  An Annual Return is delivered, unsurprisingly on an “annual” basis, within 28 days of the anniversary of the company’s incorporation.  An Annual Return includes the following information:- details of the directors and company secretary, if it has one what…

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WHA Spring Budget Summary 2016

When George Osborne addressed the nation from Westminster yesterday, he hailed his Big Budget as a “Sweetener” for Small Businesses.  No, we are not referring to his surprise introduction of a new “Sugar Tax”, but to the fact that the Chancellor’s proposed plan is to tax big business and assist SME’s.  Whether you agree with…

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Just A Drop @ No.10

WHA’s Head of Travel & Leisure Chris Photi had the privilege to attend a Just A Drop charity function held a Number 10 Downing Street.  This special evening was hosted by Samantha Cameron, who charmed everyone in attendance. Just a Drop is a charitable organization which helps to provide clean water and sanitation in poor…

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Travlaw BIG Tent Event 2016

The 2016 Travel Industry calendar got off to a great start this year at Kings Place Gallery, Kings Cross, home of the 9th annual Big Tent Event hosted by Travlaw LLP. Individuals from every corner of the industry came together to listen to some of the leading experts in our field. White Hart’s own Chris…

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WHA In The News

As leading Travel Industry Accountants, WHA has a lot to say about current and future hot topics that effect businesses within this sector.  WHA’s Chris Photi was quoted twice in this week’s Travel Weekly.  Speaking at the Hill Dickinson Travel Law Seminar, Chris gave his expert opinion on the new Package Travel Directive (PTD) and…

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FRS102 – Are you ready?

You may already be aware that UK companies are about to experience fundamental changes to the framework of their financial reporting. UK Generally Accepted Accounting Practice (GAAP) has undergone a significant overhaul and the current Financial Reporting Standard for Smaller Entities (FRSSE) is to be withdrawn. A new standard – FRS102 – will take its…

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Travel Breakfast Briefing

On 10th December 2015, renowned law firm within the Travel industry, Fieldfisher, invited WHA’s Chris Photi and Nikki Spoor to present at their Travel Breakfast Briefing.  The purpose of the event was to inform the attendees, all of whom operate within the industry, about the latest issues and topics that will have an effect on…

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The British Travel Awards 2015

The WHA team and a number of guests attended this year’s British Travel Awards. The BTAs is an independent organisation which awards the top travel companies who provide the best products and services in the leisure and travel industry throughout the year.  The BTA’s are also the only Travel Industry Award’s that are voted for by…

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WHA Autumn Statement – Fact Sheet

Leading up to yesterday’s Autumn Statement, rumours were spreading like wildfire as to what Mr Osborne had planned for taxpayers, employers, entrepreneurs and pensioners.  Would he make huge reforms to the pension structure?  Would the start date for the controversial “Dividend Tax” be brought forward? As it happened, the Chancellor focused more on public spending. …

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2015 ABTA Travel Convention

This year’s theme of Abta’s Travel Convention was “risk and resilience” which, as Abta’s chairman Noel Josephides highlighted, was apt for this year’s hosts Greece given its government and its people would have to continue to show such attributes as it battles its current economic issues. The backdrop for this year’s convention was truly stunning.…

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Welcome To The Digital Age Of HMRC

Over the past few years, many mediums that we use on a daily basis have “gone digital”. From television to radio, adding the word “digital” immediately conveys the thought of an upgrade. During the recent Budget, Chancellor George Osbourne announced plans for HMRC to implement a “Digital Tax Account” for individuals and SMEs. Accountants across…

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A One Nation Budget

It was built up as a “Budget where the Chancellor could make an impression”, and Mr Osborne certainly did just that! He started his speech by saying he had prepared a “one nation Budget”, but unfortunately its contents has split the opinion of the nation. One thing everyone can agree on is that the current…

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Annual Charity Cricket Match

White Hart Associates and MHA MacIntyre Hudson are hosting an afternoon of fun and games in the beautiful surroundings of Old Deer Park, Richmond all in support of the excellent Travel Industry Charity ABTA Lifeline. Feel free to come along and watch two teams of industry professionals playing a hard fought but charitable game of…

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MIND THE GAAP

This is a WHA article that recently appeared in ABTA’s frequent newsletter, ABTA today, which provides important and relevant information to all of its members:- FINANCIAL REPORTING STANDARD 102 (“FRS 102”) The purpose of this guidance note is to advise Companies on the changes in accounting and reporting required by the mandatory adoption of FRS…

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Autumn Statement – In a Nutshell

Chancellor George Osborne released details from his Autumn Statement today. Some of the legislation changes were expected but others were more surprising. Also some changes were put into swift immediate action. Our detailed Autumn Statement Report will follow shortly but enclosed are some of the main changes:- Effective immediately: Major reform of Stamp Duty Land…

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We’re All In

Auto Enrolment – Are You Ready? You may have been aware of the government’s “We’re all in” advertising campaign, which refers to reforms to workplace pensions.In the past you may have thought that this only relates to larger firms with typically  over 250 employees.  This has been the case since October 2012, but its coming…

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ABTA Travel Law Seminar

ABTA Travel Law Seminar 7-8 May 2014   ABTA’s annual Travel Law Seminar was attended and enjoyed by a number of its members, representatives and travel industry professionals this week. Its aim was to provide professional assistance to its members helping them to become compliant when it comes to key areas of taxation, employment law,…

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It’s not credit card charges that are excessive it’s the criticism

Last week the BBC Radio 4’s Money Box programme rapped the travel industry over “excessive” credit and debit card charges. The Department for Business Innovation & Skills (“BIS”) issued guidance on the Consumer Protection (Payment Surcharges) Regulations 2012 in March 2013. This guidance quite clearly refers to the prohibition of excessive payment surcharges, but clearly…

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HMRC’s New Penalty Regime

From 2010-2011 H.M Revenue and Customs have dramatically increased the financial penalties for late submission of self assessment returns. These penalties are in addition to the increased penalty regime introduced in April 2009. Annexed is a resume of their new powers and new penalties which do not just relate to late submissions but also to…

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Emmergency Summer Budget 2010

We all knew the ‘Emergency’ Summer Budget was likely to be tough – given the dire state of the public finances the Chancellor believed there was no other option. But what did it mean exactly for businesses, entrepreneurs, employees and families? The attached Budget Summary provides details of the key changes announced and the tables…

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Consumer Protection

The court enforced administration order granted today against Eclear (UK) was widely expected. However what ultimately has to come out of the undoubted ensuing enquiry is how such an “aggregator” type company could function unregulated in the UK. The other questions that need to be answered is who is the “Acquirer of Record” (Eclear was…

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ABTA swims against the tide

ABTA’s recent decision to change its “constitution” so as to ensure  “supplier members” protect consumers where other failed ABTA agents have  received consumer funds but not paid them over to the supplier, seems  to have only one inevitable conclusion. Unless ABTA agents commit to  solely buy from other ABTA members then this will lead to…

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Agency – or Principal?

Throughout World Travel Market the talk of the town has been tour operators’ liability after the regrettable “Corfu Tragedy”.  Some of the main travel consortia and large agencies have indicated that from January they will require UK bed banks to supply overseas holiday accommodation as a principal and not an agent or broker for an…

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