Trust UK Property Accountants to Optimise Returns and Minimise Hassles!
Reach Out to Us Today and Let's Shape
Your Success Together!
Unlocking Savings for Accommodation Providers
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.
What our clients say about us
Spearheaded by the UK's polished professional bodies, ACCA and CIOT, we vow that we render the best service from our qualified and regulated accountants and tax advisers.
Accommodation VAT Relief with TOMS
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.
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.
The reduced VAT rate can enhance the competitiveness of UK accommodation providers, making their services more attractive to customers while maintaining profitability.
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.
Simplifying TOMS VAT: Making the Complex Plain
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.
When you choose us for your TOMS VAT needs, here's how we work to simplify your tax obligations.
We begin with a one-on-one consultation to understand your business and specific VAT requirements. This consultation helps us tailor our TOMS VAT solutions to your unique circumstances.
Our experts conduct a comprehensive assessment of your VAT situation, determining how TOMS VAT can be optimally applied to reduce your tax liability while keeping you compliant.
We seamlessly integrate TOMS VAT into your financial processes, making it a hassle-free part of your operations. Our experts provide guidance and support during this phase.
Our commitment doesn't stop at implementation. We continually monitor your VAT compliance, ensuring that you remain up to date with changing regulations and avoid potential pitfalls.
Leveraging our expertise in Xero, we customise the software to align with your business workflows and requirements. This includes setting up chart of accounts, payment gateways, invoicing templates, and other configurations.
We provide regular reports on your VAT savings and the impact of TOMS VAT on your financial health. Our team reviews these findings with you to ensure that you maximise your tax benefits.
At UKPA, it is done by a team of people evolved from different walks of life. Trained and experienced in property and real estate tax, accounting and compliance matters, most of them are qualified as Chartered Accountants, Chartered Tax Advisers or Chartered Financial Analyst.