Sectors

Accountants for the Travel Industry

Supporting Your Business Journey

We work with a number of clients and contacts in the travel industry and have experts at Chapman Robinson & Moore to support your business in this sector.

We understand the challenges and issues facing businesses in the travel industry and look to share our knowledge, experience and expertise with our clients.

As example, here are a couple of articles in relation to the ATOL reporting accountants scheme

Here are two areas that we regularly discuss with our clients in this sector:

 

Capital Allowances

The UK tourism industry maybe losing out on tax relief in the form of capital allowances. Capital allowances are a tax relief that can be claimed against certain costs involved in developing and purchasing commercial property. This can be in terms of electrics, drainage and lighting.

Here is a list of some of the integral features that you may be able to claim capital allowances on:

  • Lifts and escalators
  • Water heating systems
  • Air conditioning systems
  • Electrical systems- including lighting

Any money that is saved through claiming the capital allowances can be used to help your business develop and grow. Unclaimed capital allowances must be claimed prior to the sale of the commercial property or they will be lost

 

Annual Investment Allowance (AIA)

Currently the annual investment allowance is £200,000 from 1st January 2016. Any large purchases or renovations should be done in timing with the allowance.

For advice on claiming capital allowances and making the most of the AIA available, please contact the office. Our specialist knowledge and awareness helps provide tailored advice to our clients.

Talk to the team

How will you decide if we are right for you?

Could we help make your numbers work?

We invite you to meet with us and discuss how we can meet your personal requirements.

Resources

Watch our YouTube channel, Read our blogs or factsheets and download our 8 step workbook to learn how you can implement the 8 step principles.

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