In a decision which is set to have a significant impact on holiday park operators, HMRC has agreed to change the VAT treatment of removable contents from caravans and holiday lodges upon sale. The decision comes after Armstrong Watson proposed a new methodology for valuing removable contents, which represents an opportunity for park operators to save on VAT for both current and previous holiday lodge and caravan sales.
While this is good news for holiday property owners, it can also mean extra work (not to mention stress!) for your holiday park team, as well as your customers.
Adapting to new legislation can be challenging, but EliteParks is here to make it easy and hassle free. Our cutting edge holiday park management solution, EliteParks is at the forefront of modern technology and business requirements; and is built to cope with and support such changes. That means less stress for your holiday park customers, as well as for your accounts team.
When VAT rates change it has an impact on data across your holiday park, from customers and vendors, to items and resources. It pays to have a holiday park management system which can keep up, allowing you to easily and efficiently manage any changes, reducing the time spent by your team on implementing them.
With EliteParks, changing your VAT setup in time for changes to come into effect is simple. Built on and powered by, Microsoft Dynamics Business Central, the ability to change VAT rates quickly and efficiently across your holiday park comes as standard.
Get in touch with our experienced team to learn more about EliteParks.