How to handle VAT on tips and service charges
6th December 2024
Do you need to charge VAT on tips and services charges? Find out here!
Do you need to charge VAT on tips and services charges? Find out here!
Join Rhys Edwards of EOG Accounting on the latest Penny for Your Thoughts podcast by Bangor Business School, where he discusses how climate change, new technology, and overtourism are transforming the tourism and hospitality sectors. Discover why Wales is becoming the future ideal seaside destination and learn about the innovative ways SMEs can navigate these changes. Don’t miss out on this insightful conversation with industry leaders.
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Wondering why student employees pay tax? EOG Accounting breaks down the essentials, explaining when students need to pay tax, common reasons for tax deductions, and how to reclaim overpaid tax. Empower your team with this practical guide!
Ever-increasing staff costs are putting further pressure on hospitality businesses that rely on seasonal staff during peak periods. Counteracting these pressures isn’t easy, but with careful consideration, certain strategic investments can alleviate the strain of these changes. One such investment is in time and attendance management systems for your hospitality business, getting the right system in place can yield benefits to both employers and employees alike.
How tips are taxed depends on a few factors. Check out this blog to review the main factors and how they should be treated for tax purposes.
Do you need to charge VAT on tips and services charges? Find out here!
Whether you’re a seasoned restaurant owner, a budding café entrepreneur, or a hotel manager, staying informed about the ever-evolving landscape of tipping policies and service charge regulations is crucial for your business’s success.
Whether you run a restaurant, a pub, a hotel, a café or a campsite, you will need to undertake refurbishments from time to time.
The right refurbishment helps to create welcoming and comfortable spaces, adding to the ambience and enhancing your guest’s overall experience, encouraging them to return time and time again. But how do you create the perfect space and keep as much money as possible in your pocket by reducing your tax liability at the same time?
