Media Centre

Saturday 17th November 2018 -

Understanding VAT in the Hospitality sector

August 20, 2018

Author:

Type: Advice for Businesses, Leisure & Tourism Videos, MHA Chiks TV, VAT

In our latest Leisure and Tourism video Colin Johnson, Partner and Adam Stock, Assistant VAT Manager discuss multiple VAT aspects that relate specifically to the hospitality sector.

 

Colin and Adam focus specifically on three areas regarding VAT treatment;

 

1. Deposits

 

2. Purchase of vouchers (multi purpose vouchers and single purpose vouchers)
They also discuss the change of legislation regarding single purpose vouchers that is due to happen in January 2019.

 

3. Tips, service charge and gratuities