Commentary

V7.490 Tour Operators' Margin Scheme—the charter scheme (not available after 31 March 2015)

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.490 Tour Operators' Margin Scheme—the charter scheme (not available after 31 March 2015)

Part V7 Tax planning | Commentary

V7.490 Tour Operators' Margin Scheme—the charter scheme (not available after 31 March 2015)

As noted at V7.490, an in-house supply can 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. A possible planning measure was available until 31 March 2015 and was referred to as 'the charter scheme' in HMRC Information Sheet 3/96 (V16.823, Division V16.5). It involved a tour operator chartering a whole aircraft for an entire season and making separate arrangements for the in-flight

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