Cutting taken from MMM Out and about live
Many campsite owners will be forced to increase their pitch fees due to changes in VAT, says accountants and business advisers James Cowper.
James Cowpers said that "the price rises will be inevitable when a series of concessions in respect of VAT come to an end on 1 January 2012."
Under the change non-metered water and sewerage charges, the recharge of business rates and first-time connection to utilities will attract the 20 per cent standard VAT rate. As a result, campsite owners are expected to balance their books by increasing their charges to holidaymakers.
Efforts were made last December by HM Revenue and Customs to communicate a 12-month period of notice to UK site owners and caravanners before the new rules apply.
More fuel for using CL's
Many campsite owners will be forced to increase their pitch fees due to changes in VAT, says accountants and business advisers James Cowper.
James Cowpers said that "the price rises will be inevitable when a series of concessions in respect of VAT come to an end on 1 January 2012."
Under the change non-metered water and sewerage charges, the recharge of business rates and first-time connection to utilities will attract the 20 per cent standard VAT rate. As a result, campsite owners are expected to balance their books by increasing their charges to holidaymakers.
Efforts were made last December by HM Revenue and Customs to communicate a 12-month period of notice to UK site owners and caravanners before the new rules apply.
More fuel for using CL's
