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…

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…

What Will Brexit Mean For You?

On 23 June 2016, Britain was on the receiving end of a political “Storm Surge”.  Britain’s Sea of humanity, its people, surged in their millions voting to leave the EU permanently.  For many the unthinkable has happened; a “Brexit”, causing immediate economic turmoil, the fall of the British Pound to a three decade low and…