Is holiday refund a windfall?

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Post by s721 » Sun Mar 15, 2020 11:43 am
I'm due to go on holiday in may to Spain and at the moment it doesnt look as though we will be going. Our insurance will pay out as travel to Spain is not advisory but my question is, will my iva class this as a windfall and take it all? It booked and paid for a year before my iva started. Thanks


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Post by Foggy » Sun Mar 15, 2020 11:45 am
This is something you will need to speak to your own IP about and could depend upon how the holiday was paid for in the first place.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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