A&B are 2 small hotels with almost identical financials.
In the last financial year both made sales of £130,000 (ex VAT), and both incurred vatable expenses of £8,000 (ex VAT)
A paid £16,380 in VAT, but B paid £24,400.
Yes, B paid £8020 more in VAT than A!
How can that be?
If you have a hotel, B&B, or holiday let and would like to minimising your VAT liabilities (and/or other taxes ) Contact me to arrange a meeting to discuss