A new practical guidance document for operators on how a tronc should be operated has been published.

Co-written by BDO, together with WMT LLP and sponsor HOSPA, the guidance aims to support UK hospitality sector businesses in the compliant, efficient and transparent treatment of tips, gratuities and service charges that are typically administered through a tronc arrangement.

It covers area such as how to structure a tronc, who can be the appointed troncmaster, VAT considerations and Income Tax compliance.

To download a copy of the guidance document click here.