We are recognised as a leading VAT adviser in the travel sector and have extensive experience of the issues affecting those operating in this varied and complex area.
The impact of VAT in the travel sector cannot be overestimated and must not be ignored. We are experts in the Tour Operators' Margin Scheme (TOMS) but this is only a part of the range of VAT issues faced by our clients. Questions of agent or principal and the place of supply rules also represent a large part of what we do. An appreciation of the interaction of these is often key to an understanding of your VAT position. Our guides to TOMS and the place of supply rules can be viewed here.
We understand the complexities of VAT in these areas and can help formulate lasting, practical solutions. VAT can often make a huge difference to the profitability of individual transactions and to businesses as a whole.
Our clients include tour operators, travel agents, events agencies and many of the sector's representative bodies. We regularly represent clients in negotiations with HMRC and are well known to the travel sector specialists within HMRC.
We are pleased to work closely with the multi-award winning Elman Wall Travel Accountants who specialise in audits, accounting, business and personal tax, business growth and exit planning , HR , ABTA/ATOL/IATA regulations and general business support to the travel industry. For more information please visit www.elmanwall.co.uk/travel-industry