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,…
Please note, that the enclosed blog entry is still applicable, but as mentioned in one of our later posts, the change of legislation date is now 1 October 2020. A new VAT rule introduced to combat fraud will hit the cash flow of up to 150,000 small and medium sized businesses in the UK construction…
Please join us for our Charity It’s a Knockout Extravaganza! On Wednesday 4th September, 10 Travel Industry teams will be competing in a special “winner takes all” charity event. The afternoon will include fun and games in the style of the TV show aired in the 70’s/80’s. You are welcome to join us for the afternoon as…
Various warnings have been issued in recent days regarding malicious calls and voicemails which have been made to members of the public pretending to represent H.M Revenue & Customs. UK taxpayers and business owners have been asked to be extremely cautious when receiving phone calls from individuals stating that they are calling regarding outstanding tax…
By Chris Photi, Head of Travel and Leisure at White Hart Associates Thinking of acquiring? Most travel industry entrepreneurs dream of selling their business and retiring in luxury after a big final pay day. And despite uncertainty over Brexit leading to a difficult market, there is still plenty of appetite for expansion through mergers…
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…
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…
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…
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…
