Travel agents and tour operators

The tourism industry has changed significantly over the last decade. As well as the threat of terrorism and concerns over carbon emissions, there are also new technologies, new business models and increasingly independent customers to consider.

Our travel accountants' understanding of the issues facing owner managers of travel agencies and tour operators means we can assist you with the day to day running of your business (including all of your strategic taxation and audit requirements) whilst also helping you to plan effectively for the future.

Our travel and tourism accountants offer the following specialist services:

  • Business planning
  • Maintaining cash flow and profitability through difficult times
  • TOMS
  • VAT compliance (cross border)
  • Licensing and protection support including ATOL, ABTA, IATA and TTA
  • CAA requirements such as the APC
  • Completion of travel sector regulators annual accountant's reports (eg CAA, ABTA, ABTOT)
  • Transfer pricing assistance
  • BSP data audits

'Challenges for 2010 for the Travel industry' seminar

Our recent seminar looked at the challenges faced by the Travel industry in 2010 and was attended by delegates from across the travel and tourism industry. Speakers from MacIntyre Hudson, Barclays, CAA and Piper Smith Watton gave the following presentations:

The UK economic outlook and the impact on GDP

Fraud - Protect and prosper

Reforming the scope of ATOL

The flight to common sense

Card acquiring

Protect yourself from the financial failure of agents and suppliers

VAT and TOMS changes

 

Press cuttings

Andrew Burnham writes regularly for the travel press. Read his most recent articles from Travel Weekly below:

How to financially plan for 2010

Ready to sell? Read this first

Credit cards - are they still our flexible friends?

VAT rules for the travel industry are now in place

In 2009, we ran a competition in conjunction with Travel Weekly offering a £5,000 financial makeover. Read how the winner's got on:

Classic Travel wins makeover

Classic in name and nature

Classic case of number crunching

 

Presentations

Below are several seminar presentations produced by Andrew Burnham and the travel and tourism team:

VAT licensing changes

VAT presentation

The future of financial protection in the travel industry

Surviving the economic storm - UK Cruise Convention

World Travel Market presentation

 

Contact us

To discuss our accountancy and business advisory services for travel agents and tour operators, please contact a member of our Travel and tourism team, email travel@mhllp.co.uk or send us an enquiry online.