Previously in respect of tips given to staff, the UK Government pledged to take action. In 2016 they started a consultation on tips, gratuities, cover and service charges. In 2018 they announced their intention to legislate, to provide that tips left for workers are retained in full by those workers. The government estimates that this new […]
Smart Currency supports ABTOT Members/ T&G clients to make the best decisions for their business by helping them understand FX risk, and how to manage it. Their forecasts are designed to educate finance managers on political and economic movements, and how the uncertainty of the currency markets can affect businesses. In this Quarterly Forecast for […]
Lots of travellers have cancelled their package holidays over the last 15 months or so. In many cases, tour operators have applied cancellation charges as per their Terms & Conditions; however a growing number of travellers and insurance companies are now challenging the amount of those cancellation charges, by asking tour operators to justify their […]
TOMS Update-EU Member State VAT Registrations Our German VAT and Croatian contacts recently shared the news that they are treating third country tour operators with effect from 1 January 2021, as subject to normal German and Croatian rules so a registration is required. In simple terms, non-EU businesses (including those in the UK) would be required […]
Just two days before the expiry of the bridging period, on 28th June the EU Commission adopted two adequacy decisions for the UK – as a result, personal data can now flow freely from the EU to the UK where it benefits from an essentially equivalent level of protection to that guaranteed under EU law. […]