Where to start

You are probably here because you are an ATOL registered trader. You also may be confused and perhaps worried. We’re here to help, please contact us on 01509 828980. Following changes made quite quickly in 2015, all ATOL holders have to have their Annual Accountants Report signed by an accountant who not only is registered…

Effective Date

The reporting requirements are applicable to Annual Accountants’ Report for ATOL renewals relating to all licence periods from 1st April 2016 and all periods thereafter and the first renewal affected for reporting purposes is 30th September 2016. The ATOL renewal cycle depends on the financial year end of the ATOL holder: June to November financial…

Small business ATOL

The Small Business ATOL (SBA) scheme will now only be available to businesses that hold no more than 500 forward bookings, in a year and have licensable revenue less than, or equal to £1 million. In addition to passing the new financial assessment, new applicants will be required to meet certain requirements for paid up…

What is the ATOL Scheme?

The ATOL Scheme is a statutory based system covering most travel providers who sell flights, a flight together with accommodation or car hire or package holidays containing flight on their own behalf. The ATOL regulations require such travel providers to hold a licence and the Civil Aviation Authority (CAA) is responsible for implementation and enforcement…

What is the AAR?

There are two parts to the new Annual Accountants’ Report. Part 1 pulls together the information reported on periodically throughout the licence period by the ATOL holder on passenger numbers and licensable revenue. The ATOL Reporting Accountant will continue to be required to report on this. Most ATOL holders will also be required to input…

What is an ARA?

From 1st April 2016, all ATOL reporting needs to be signed by an ATOL Reporting Accountant (ARA). We are registered under the ATOL Reporting Accountants’ scheme which been developed by the Civil Aviation Authority (CAA) in order to help: improve the standard of ATOL reporting, provide assurances that financial information which is submitted on behalf…

Links

A selection of useful website links and resources for your business:   Civil Aviation Authority ATOL Protection Contact the ATOL team Making an ATOL claim ICAEW CCA Guidance note 10 Official Record Series 3 ATOL Annual Accountants Report Part 1 ATOL Annual Accountants Report Part 2 CAA expectations of an Accountable Person Nigel Ricks &…