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,…

IR35 rules set to hit private sector

Audit & Taxation Director Mark Caldicott provides his expert opinion on how IR35 rules will affect the private sector.   Several BBC presenters recently received a nasty shock in the post. HM Revenue & Customs has written to them demanding PAYE (Pay As You Earn) tax and National Insurance (NI) from the personal service companies…

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…

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…

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…