Tax and technical

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Interpreting and Auditing Hotel Accounts in 2016 - and what you should know about the Uniform System of Accounts for the Lodging Industry.  

Overview of the Blog Series
If you are an accountant, auditor, lawyer, banker, asset manager, real es...

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Despite the UK economy as a whole languishing since the recession hit in 2008 – the story of UK tourism over the past six years has been one of growth and success. Between 2008 and 2014, inbound tourism increased by almost 30%, making tourism the UK...
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Now that the 2014/15 tax year has passed, it is important to ensure that the expenses and benefits provided to employees during the 2014/15 tax year are r...

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Background
As we all know, capital allowances are an important form of tax relief available to UK taxpaying commercial property owners. A capital allowances claim can generate a repayment from HMRC and reduce future tax liabilities. They are avail...

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HMRC and electronic computer data

When most people think of an HMRC audit, they tend to imagine an Inspector taking days and weeks to pore over a pile of ledgers and invoices, much in the style of Bob Cratchit in Dickens’s “Christmas Carol”. The re...

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A good budget for business, with more than one eye on a general election?

Today George Osborne delivered his fifth budget, and probably most important, of his tenure as Chancellor. In the run up to today, all the talk was about a Budget for busine...

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There may be trouble ahead

by Gareth Jones on 16.12.2013 20:37

A recent ECJ decision on the Application of TOMS could have significant repercussions for the travel and hospitality sector

The ECJ has handed down its ruling on the infraction proceedings taken by the Commission against Spain in relation to Spain&r...

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Taxpayers whose appeal against refusal of inheritance tax (IHT) business property relief (BPR) for a single property furnished holiday letting business have lost their last chance to take the matter further.

The Court of Appeal has refused the ex...

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Energy is currently a hot topic. Rising wholesale oil and gas prices are being passed on to the consumer – business and private – in increased gas and electricity bills. Concurrently, investment in low carbon solutions – primarily ...
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Many travel companies have been contacted over the last few months by a special HMRC unit about the correct VAT treatment.

Whilst the position for principals is undisputed (HMRC has always considered that any charges were part of the price for ...