VAT

Providing such a wide range of hospitality (accommodation, room hire, catering, laundry services, food and drink…) means that your business must remain compliant with a wider range of VAT rules and regulations. HMRC takes a keen interest in businesses with a higher chance of making errors and erroneously under-declared VAT. Our “VAT health-check” service offers peace of mind in such circumstances, allowing you to review your current VAT compliance and to make sure your accounts are correct in terms of VAT.

Offshore parent companies

Hotel companies with an offshore parent face even more complicated issues, which we can help you negotiate. Some examples include tax rules such as double taxation, transfer pricing rules and Thin Capitalisation.

In summary, we are proud to offer the hospitality industry the following key services:

• Management accounts – timely management information to help control costs and build on business strengths
• Key Performance Indicators – industry relevant KPIs such as RevPAR, ARR, wages and GOPPAR
• Payroll – outsourced payroll and specific advice e.g. on handling tips
• Statutory accounts, audits and corporation tax compliance.
• Non-statutory assurance reports.
• Group structuring.
• Tax planning (property taxes, Capital Gains Tax, Inheritance Tax and international concerns)
• Capital allowance planning – make the most of allowances available on plant and machinery and “integral features” within buildings
• Exit strategies
• VAT advice and health-checks
• Advice on auto-enrolment

If you would like to find out more about how we can help your Hospitality, Leisure or Catering business handle its accountancy matters and/or tax planning concerns, send us your contact details and a brief message via the enquiry form on this page. We will reply to fix a time for your free initial consultation.