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Retail, Consumer and Hospitality

Travel & Tourism

Get in touch with our Travel and Tourism accounting team.

If any industry has weathered the storms of the past few years, it’s travel and tourism. Those who’ve fared best have found new ways of tackling age-old issues. And that means working with people who go all in – and who care as much about their business as they do.

Chosen as much for our reputation as for the senior partners who lead our teams, we’re used to finding commercial advantages where others might see pitfalls.

Our travel and tourism accounting team advise on:

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Maintaining cash flow and profitability through difficult times
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Business planning, disposals and acquisitions
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International VAT compliance
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Transfer pricing assistance
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Travel and Tourism Insight and Events

Why partner with MHA?

  1. We act locally while thinking globally. As the UK member of Baker Tilly International, working with MHA gives you access to a global network of more than 41,000 professionals in 145 territories.
  2. We know the travel sector. As well as specialising in licensing requirements, we’re among the leading experts on the complex VAT calculations for the Tour Operator’s Margin Scheme (TOMS).
  3. We build unparalleled partnerships. With our people, our clients, and across our networks, we work to sustain lasting integrity and trust.
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Our travel and tourism team

Our accounting services

MHA’s expert travel team draws on vast experience across the sector and the knowledge of our international colleagues and partners in the Baker Tilly International.

Travel and tourism firms don’t need to be told they face threats and challenges. The sector was one of the hardest hit by the pandemic and energy costs, global tensions and the need to transition to net-zero all rightly dominate our thinking. However, these are opportunities as well as challenges.

MHA’s entrepreneurial team helps with the day-to-day running and strategic development of businesses, including taxation, audit and regulatory requirements, as well as business planning and preparations for the next disruption to the industry.

Our clients and partners range from SME travel agencies to tour operators and travel management companies. MHA’s expert team knows the specific nuances of the travel and tourism industry. We can work with you on:

  • Dealing with employment tax issues and the engagement of workers
  • Licensing and protection support including ATOL, ABTA, IATA and TTA
  • Civil Aviation Authority (CAA) requirements such as the APC
  • Completion of travel sector regulators annual accountant's reports (such as CAA, ABTA, ABTOT)
  • BSP data audits
  • VAT accounting and mitigation – we have VAT specialists who can help with the complex Tour Operators’ Margin Scheme (TOMS) calculations

We're here to help, get in touch

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