Commentary

V7.489 Tour Operators' Margin Scheme—in-house supplies

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.489 Tour Operators' Margin Scheme—in-house supplies

Part V7 Tax planning | Commentary

V7.489 Tour Operators' Margin Scheme—in-house supplies

Many businesses in the travel sector provide one or more of the travel services listed at V7.487 in-house. For example, a hotel business that provides accommodation in its own hotels or a coach company that provides passenger transport in its own coaches. An in-house supply can also be made from goods or services that have been bought in and materially altered or further processed so that what is supplied is different from what was bought in.

Example 2

Fast Tours from Example 1 has expanded and decides that it makes sense to buy its own coach

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