The half day masterclass not only covers the key components of VAT but looks at the impact to the various tax points for a hotel. We will look at VAT calculation on a number of different charges and how to manage these effectively. The course will also provide a summary of an implementation plan to include the policies and procedures that need to be put in place to be compliant.
|VAT Summary||Overview of the general course
Key VAT components
|Technology challenges||Focus on technology impact
Systems review and impact assessment
|Policies||Summary showing the requirement of new policies / update to existing etc.|
|Operating model||Brief summary of operating model impact and design|
|Operational readiness||What will you assess to ensure ‘confirmed readiness?
Evidence required to senior management?
VAT return submission
VAT on deposits, cancellation & other charges
VAT on booking fees
VAT on payments made & received from 3rd party booking sitesAlso covering: