Despite the Coronavirus crisis, the UK Civil Aviation Authority (CAA) confirms that travel businesses are keeping up with Air Travel Organiser’s Licence (ATOL) renewals.
Key to retaining ATOL status, licence holders are required to submit financial information that has been certified by a qualified ATOL accountant, with sufficient knowledge of the industry.
The ATOL Reporting Accountants’ Scheme came into effect in 2016 and, developed by the CAA, was designed to improve ATOL reporting and to ensure that information submitted on behalf of ATOL holders was accurate.
Emma Wilsher, chartered accountant specialising in audit, comments: “The travel industry has undoubtedly been under huge strain, as a result of the pandemic.
“It’s reassuring to know that despite the operational pressures many ATOL holders will be experiencing, that they are still taking the necessary steps to retain their status and renew their licences.
“We know how important compliance with the CAA’s requirements is for ATOL licenced companies and how much of a difference it makes to them to have access to a qualified ATOL accountant who can help them to fulfil their obligations but who can also dispense industry-specific advice.
“Advising is at the heart of what we do, and we are pleased to be able to support the travel sector and specifically ATOL registered companies in this way.”
How can George Hay help?
Here at George Hay Chartered Accountants, we are able to offer audit and accounting services to ATOL registered companies in Hertfordshire, Bedfordshire, Cambridgeshire and throughout the UK.
Letchworth-based Partner, Richard Dilley ACA FCCA, is a registered ARA and meets the latest requirements set by ATOL and the CAA. He is supported by a wider team of audit professionals who have years of experience assisting businesses with statutory, voluntary and specialist Grant audits.
To find out more about how we can help you with your audit and ATOL accounting requirements contact us today on 01462 708810, or by emailing email@example.com or firstname.lastname@example.org