IATA Changes To Financial Criteria

Nikki Spoor, Travel, Audit & Tax Director at White Hart Associates is also Vice Chair on the ICAEW Travel, Tourism & Hospitality Communities Advisory Group and writes articles and blogs for the ICAEW on technical and regulatory matters for the outbound travel industry.  Enclosed is one of the recent entries she has made to the group. IATA…

Head of Travel & Leisure

HMRC U-turn on new VAT rule

Government revises guidance relating to TOMS Keen readers of our blogs will recall my post at the beginning of this year, highlighting that travel organisers using the Tour Operators’ Margin Scheme (TOMS) would have to pay VAT on forfeited customer deposits and other cancellation fees, from March 1, 2019. Thankfully, HMRC has concluded that this…