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Troncs – the tax efficient way of managing your tips and gratuities
The UK hospitality Industry has over 150,000 businesses where tipping is customary with tipping levels on average worth 12.5% of the total bill. This equates to around £11billion…
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Who is responsible for paying tax on tips?
Tipping in the hospitality industry has always been an integral part of the service. Customers who appreciate the service that has been provided, leave tips for their staff either…
