Welcome to our specialist TOMS VAT services, where we help accommodation providers reduce their VAT burden while ensuring compliance with tax regulations. Discover how TOMS VAT can make a significant difference for your business.
The provision of holiday accommodation is typically standard rated at 20% for VAT. However, TOMS VAT offers a substantial reduction in your VAT liability as VAT is calculated only on the margin, which is the difference between the selling price and the direct costs of accommodation, including rent and cleaning.
TOMS VAT simplify VAT calculations for businesses in the travel industry, particularly for those offering holiday accommodation. It enables businesses to pay VAT only on the margin, which is the difference between the selling price of the travel package and the direct costs incurred.
The reduced VAT rate can enhance the competitiveness of UK accommodation providers, making their services more attractive to customers while maintaining profitability.
One of the significant advantages of TOMS VAT is the potential for tax savings. By paying VAT on the margin instead of the full selling price, businesses can significantly reduce their VAT liabilities.
TOMS VAT simplifies the VAT calculation process, making it more straightforward for accommodation providers to determine their VAT obligations. Instead of computing VAT on every individual expense, TOMS VAT focuses on the margin, streamlining the overall tax process.
When it comes to handling TOMS VAT, we're your trusted partner. We have implemented Xero over thousands of organisations to streamline their financial processes.
Our team boasts in-depth knowledge of TOMS VAT and its applications in the rent-to-rent business model. With years of experience, we can navigate the complexities effortlessly.
We don’t believe in one-size-fits-all solutions. Our approach is tailored to your business, ensuring that TOMS VAT works to your advantage.
Our services are designed to maximise your VAT savings while keeping your VAT obligations compliant with HMRC regulations.
We’re here when you need us. Our dedicated support team is always ready to address your queries and provide expert guidance.
With us, you can focus on what you do best – providing exceptional accommodation services. We handle your TOMS VAT, giving you peace of mind.
We’ve closely followed and understand the implications of the Sonder Tribunal verdict. Benefit from our insights to optimise your VAT strategy effectively.
Our work is centered around innovation, efficiency, collaboration, and delivering exceptional results to our clients.
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