We explore what this recent legal decision means for charities who provide accommodation.
Rent to serviced accommodation under HMRCs spotlight
Following a campaign by the Charity Tax Group, HMRC have agreed to change their policy on VAT rates applicable to digital advertising.
Residential lets are usually exempt from VAT but if you supply accommodation in a hotel or similar establishment then your supply is standard rated.
What will be the 2020 outlook for VAT in the travel sector?
Hard Brexit – how will tour operators be affected?
What we didn’t know until now, was how tour operators were expected to handle a hard Brexit.
The government’s first batch of advice for UK businesses in the event of a no deal Brexit includes help with both VAT and customs duty.
Following today’s government response to the Home Affairs Committee report on customs operations post Brexit, Sue Rathmell, VAT Director at MHA MacIntyre Hudson, comments on the need for concrete government action to allow businesses to get cracking and prepare for any changes
our operators use an EU wide scheme known as the Tour Operators’ Margin Scheme or TOMS for short, in order to calculate how much VAT is payable on the holidays they sell. They have to calculate the margin, i.e. the difference between the selling price and the total of all the VAT inclusive costs of the holiday.
In the last few weeks I have seen two businesses that have been using the VAT flat rate scheme that would be far better off outside the scheme. Why is this? The flat rate scheme is a simplification introduced by HMRC to help small businesses account for VAT more simply. However as a simplification, it is not the best route for every business.
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MHA MacIntyre Hudson has truly been a value additive auditor, which is quite rare and something to look up to. The level of knowledge of all team members and the engagement partner is quite extensive and we have thoroughly enjoyed the partnership with them. Way to go MHA MacIntyre Hudson!! - Dishman group
My favourite benefit of working with MHA MacIntyre Hudson is having access to a huge network of knowledge but still having the direct personal feel when dealing with the local office team. Callum Bates -
J Bates & Son