Travel and Tourism

Chartered Accountants, Tax & Business Advisors

www.macintyrehudson.com

ln this heavily regulated and ever changing marketplace we know what it takes to be successful. We can lead you through the minefield of compliance requirements and help you identify opportunities for growth. Together we’ll give your business a competitive edge.

ln a dynamic marketplace you need perceptive and trusted advice. MHA Maclntyre Hudson has worked with the travel and tourism industry for many years. We know how important it is to not only understand the complex regulations but to be in touch with the key issues and challenges you’re facing. We’re actively involved with industry bodies such as ABTA, lTT and AAC and work in close association with industry experts to ensure we are up to date with the latest developments.

Talk to us about changing consumer behaviour, technological developments, new business models, globalisation, sustainable tourism, the threat of terrorism and natural disasters, carbon emissions, green taxes and we’ll know where you’re coming from. We can help you address potential threats and, equally importantly, embrace opportunities for increasing efficiency and growth.

Working with us

We work with a mixed portfolio of commercial and regulated clients, from new start-ups to multi million pound businesses, including travel agents, tour operators, airlines, cruise lines, coach service providers, train operating companies and travel management businesses.

We have in-house experts and experienced tax advisers on hand who understand and advise on industry regulations. Our clients also involve us in many projects outside of the traditional areas of audit and tax, such as profit extraction, employee incentives, property advice, mergers and acquisitions, strategic business plans, corporate restructuring, VAT and cash flow savings.

Ensure a smooth journey

Our close liaison with both internal and external specialists and other sector teams within the firm, such as our Leisure and Hospitality, Property and Construction and International Business teams, help identify opportunities which benefit our clients. It’s the combination of our high level specialist sector expertise and our entrepreneurial results-driven attitude that delivers value to your business.

Through membership of Morison International – a global association of independent accountants, auditors, tax advisers, business consultants and lawyers – we can introduce you to professional advisers anywhere in the world. So wherever you intend to operate you’ll get the best possible commercial and tax efficient advice.

Pompt, friendly and on-spot service

With personal service a priority, our Travel and Tourism team is accessible day-to-day, responding promptly to your questions and needs. You can also access essential information, background details on the team and individual contacts on our website www.macintyrehudson.co.uk

As well as traditional accountancy services, we offer specialised expertise to the travel and tourism industry:Audit and accounts• All types of audit and accounts

preparation• Completion of travel sector regulators

annual accountant’s reports (e.g. CAA, ABTA and ABTOT)

• Internal audit and systems reviews and reporting, including corporate governance best practice

Corporate finance

• Corporate acquisitions and disposals• Management buy-outs and buy-ins• Fundraising and initial public offerings• Valuations• Due diligence Taxation

• VAT compliance and consultancy (UK and international), including TOMS and VAT health checks

• Corporation tax planning and compliance (UK and international)

• Tax investigations and negotiations with HMRC

• Transfer pricing assistance• Profit extraction• Employee incentives

Support services

• ATOL application and renewal• IATA applications and compliance• ABTA compliance• Outsourcing services (including payroll,

VAT and management accounts)• Business strategy• BSP data audits

MHA MacIntyre Hudson is a Travel Industry Partner of ABTA (Association of British Travel Agents), a business partner of AITO(Association of Independent Tour Operators), an affiliated member of the AAC (Association of ATOL Companies) and ITT (The Institute of Travel & Tourism), and a member of TheFaculty of Tourism of the ICAEW (The Institute of Chartered Accountants in England and Wales) and the Tourism Society.

Travel agents and tour operators

We offer a comprehensive, accessible range of services for travel agents and tour operators that take account of your specific market. We offer specialist services including TOMS and (cross border) VAT expertise and all the support you need for ATOL, ABTA and IATA regulatory compliance, licence applications and renewals. We have a good understanding of the issues facing owner managers of travel agencies and tour operators and we can assist you with all of your strategic taxation and audit requirements.

In a rapidly changing market it’s vital to deal not only with today’s issues and compliance requirements but also to plan effectively for the future. Our advisers can help you see your business afresh and support you with important decisions. Decisions that can make a big difference to your commercial prospects.

We deal with the full spectrum of business needs from start-up to flotation. To help you on this journey we can assist you with mergers and acquisitions, grooming a travel business for

Experience all there is to offerThe tourism industry has changed significantly over the last decade. As well as the threat of terrorism and concerns over carbon emissions, there are also new technologies, new business models and increasingly independent customers to consider. MHA MacIntyre Hudson recognises these challenges and can advise on how to meet them. Together, we’ll ensure you have a competitive edge.

sale, funding, (AIM) flotation, due diligence and valuations. We combine commercial expertise with a real interest in your business and its specific goals. Together with our Corporate Finance division we offer practical experience to help you face the pressures of managing a complex, lengthy transaction while keeping focused on your day-to-day business issues.

Aviation

Low-cost airlines and the consequent growth in regional airports have changed the shape of the aviation industry. Furthermore, the rise in fuel prices and duties has put a strain on all airlines and airports, which now constantly operate under extreme cost pressure.

Whether you’re a new airline seeking a partner to kick-start your local operation, or an established global player who needs assistance in a regional market, MHA MacIntyre Hudson can tailor a service to meet your individual needs. We advise on business plans for start-ups and provide a wide range of accountancy, audit, VAT, taxation, business advisory and regulatory support services to smaller airlines.

In addition we offer a comprehensive and cost effective range of professional services to the aviation industry by pooling the resources of acknowledged sector specialists such as banks, law firms, aviation and immigration consultants, general charter operators and representative agents. Together with our industry consultants we can advise on anything from industry and market forecasting, performance measurement and evaluation, finance raising to APD (Air Passenger Duty), cargo management and aviation support services. Outsourcing

For many businesses, staying competitive in today’s challenging marketplace is all about keeping costs down. If at the same time the burden and responsibility of administration grows, outsourcing might become an option. It’s simple: you share business activities in which you’re not specialist with experts who are. The results can be dramatic – more control for lower costs, with each of us concentrating on our core activities. Good outsourcing services can be tailored to suit your needs and seamlessly integrated into your business operation. The best way to find out is to discuss your requirements with us and we’ll propose a solution.

Full speed ahead

Cruise lines, ferry operators, rail, road and coach travel. Apart from the traditional business support services you’d expect from a mid tier UK accountancy firm, we also offer a wide range of strategic consultancy services. While demand for transport grows, you continue to face many external challenges; oil prices, privatisation and increased competition, environmental concerns as well as new safety and security requirements. If you’re running a business it’s your job to steer it in the right direction – but in a rapidly changing market you might find that the strategy you developed just a few years ago is no longer helping you achieve your vision.

Whether your main business activity falls within inbound, outbound or domestic tourism, we can do more than assist with your compliance requirements. We can help you see your business afresh by making you stand back and consider your aspirations, strategy and priorities - personal as well as commercial. We can also assist if you’re looking to build successful partnerships with airlines, hotels, travel agents and tour operators.

Individually, our services will help you solve specific problems. Together, they can transform the way you work and put you in control of your future.

Bedford

Equipoise HouseGrove PlaceBedford MK40 3LET: +44 (0)1234 268761E: bedfordinfo@mhllp.co.uk

Birmingham

Rutland House148 Edmund StreetBirminghamB3 2FDT: +44 (0)121 236 0465E: birminghaminfo@mhllp.co.uk

Canterbury

71 New Dover RoadCanterburyKentCT1 2BLT: +44 (0)1227 464991E: canterburyinfo@mhllp.co.uk

Contact your local office

Chelmsford

Boundary House4 County PlaceChelmsford CM2 0RET: +44 (0)1245 353177E: chelmsfordinfo@mhllp.co.uk

High Wycombe

Abbey Place24-28 Easton StreetHigh Wycombe HP11 1NTT: +44 (0)1494 441226E: highwycombeinfo@mhllp.co.uk

Leicester

11 Merus CourtMeridian Business ParkLeicester LE19 1RJT: +44 (0)116 289 4289E: leicesterinfo@mhllp.co.uk

London City

New Bridge Street House30-34 New Bridge StreetLondon EC4V 6BJT: +44 (0)20 7429 4100E: londoncinfo@mhllp.co.uk

London North

Euro House1394 High RoadLondon N20 9YZT: +44 (0)20 8446 0922E: londonninfo@mhllp.co.uk

Maidstone

Cornwallis HousePudding LaneMaidstoneKent ME14 1NHT: +44 (0)1622 754033E: maidstoneinfo@mhllp.co.uk

Milton Keynes

Moorgate House201 Silbury BoulevardMilton Keynes MK9 1LZT: +44 (0)1908 662255

E: miltonkeynesinfo@mhllp.co.uk

Northampton

Peterbridge HouseThe LakesNorthampton NN4 7HBT: +44 (0)1604 624011E: northamptoninfo@mhllp.co.uk

Peterborough

1 The Forum,Minerva Business ParkLynchwoodPE2 6FTTelephone 01733 568491E: peterboroughinfo@mhllp.co.uk

Reading

Pennant House1-2 Napier CourtNapier RoadReading RG1 8BWT: +44 (0)118 950 3895E: readinginfo@mhllp.co.uk

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MHA MacIntyre Hudson

+ 44 (0) 20 7429 4100

webenquiries@mhllp.co.uk

www.macintyrehudson.co.uk

MHA MacIntyre Hudson is the trading name of MacIntyre Hudson LLP, a limited liability partnership, registered in England with registered number OC312313. A list of partners’ names is open for inspection at its registered office, 201 Silbury Boulevard, Milton Keynes MK9 1LZ. Registered to carry on audit work in the United Kingdom and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. An independent member of MHA, a national association of UK accountancy firms. The term ‘partner’ or ‘partners’ indicates that the person (or persons) in question is (or are) a member(s) of MacIntyre Hudson LLP or an employee or consultant of its affiliated businesses with equivalent standing and qualifications. Partners and directors acting as administrators or administrative receivers contract as agents and without personal liability. Further information and links to the respective regulators and appointed individuals’ qualifications can be found via our website www.macintyrehudson.co.uk/information.html

MHA MacIntyre Hudson is an independent member of Baker Tilly International. Baker Tilly International Limited is an English company. Baker Tilly International provides no professional services to clients. Each member firm is a separate and independent legal entity and each describes itself as such. MHA MacIntyre Hudson is not Baker Tilly International’s agent and does not have the authority to bind Baker Tilly International or act on Baker Tilly International’s behalf. None of Baker Tilly International, MHA MacIntyre Hudson, nor any of the other member firms of Baker Tilly International has any liability for each other’s acts or omissions. Arrandco Investments Limited is the registered owner of the UK trade mark for Baker Tilly and its associated logo.

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