The travel and tourism industry is a highly competitive, challenging and heavily regulated environment. Operators require advisors who have a specialised knowledge and experience within this market. This has been demonstrated with the recent changes the Civil Aviation Authority have made. The new strict guidelines state they will only accept figures for ATOL renewals from those accountants that hold approved reporting status (ARA) with themselves and their relevant regulatory body.
Our travel and tourism specialist team have many years of experience and can advise over a wide range of issues from budgeting and tight cash flow management, help with managing the tax efficiency of the business and guide you through the complex regulatory issues every travel business faces.
Our team leader Kevin Brevitt is ARA and our advisors are fully aware of the specific regulatory requirements around the travel industry, including;
- CAA’s ATOL Reporting Accountants (ARA) Scheme.
- The EU Package Holiday Directive.
- Principal v Agency Status.
- ABTA, CAA & IATA regulations.
- TOMS VAT.
- R&D Tax Relief for travel businesses.
- Credit Card Merchant Services and more.