Commentary

RCB/74/09 Changes to the Tour Operators' Margin Scheme: transitional provisions

Part V16 Forms and other HMRC material

RCB/74/09 Changes to the Tour Operators' Margin Scheme: transitional provisions

RCB/74/09 Changes to the Tour Operators' Margin Scheme: transitional provisions

Revenue & Customs Brief, Issue 74. 4 December 2009

Revenue & Customs Brief 27/09 outlined changes to the Tour Operators' Margin Scheme (TOMS) which will take effect from 1 January 2010. This Revenue & Customs Brief sets out transitional arrangements in relation to supplies that straddle this date. These are necessary because the TOMS has its own rules with regard to the time of supply, deductibility of input tax and calculation of output tax due.

Background

The TOMS is a mandatory scheme which applies to supplies made “for the direct benefit of the traveller”, that is, the end customer. However, the UK has permitted businesses to opt out of the TOMS for supplies made to business customers for their own consumption, for example, business travel for

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