Speaking in London, Tom Jenkins, executive director of the European Tour Operators Association, Tom Jenkins presented reporters with a over-sized air ticket which he said represented the ticket that would send ‘5,000 jobs and £5bn in tourism revenues offshore’.
‘I call on the chancellor to rip up the ticket by persuading his finance minister colleagues to adopt the industry’s recommendations. If he is not able to succeed, he must use the UK’s veto,’ Jenkins said.
At a EU Finance Ministers (ECOFIN) meeting planned for 7 October, the commission intends to present plans to extend VAT rules, tax-news.com reported.
Transport in Britain is currently zero rated as far as VAT is concerned and any change in European rules would override UK legislation.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel