Commentary

V7.496 Tour Operators' Margin Scheme—place of supply for margin scheme supplies

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.496 Tour Operators' Margin Scheme—place of supply for margin scheme supplies

Part V7 Tax planning | Commentary

V7.496 Tour Operators' Margin Scheme—place of supply for margin scheme supplies

Examples 5, 6 and 7 above illustrate that the rate of VAT on margin scheme supplies is dependent on where the margin scheme supplies are enjoyed – standard-rated when enjoyed within the EU (including the UK) and zero-rated when enjoyed anywhere else in the world. Another point to note is that the place of supply of margin scheme supplies sold to a traveller in the UK is the UK regardless of where in the world the travel services are enjoyed.

In essence, the place of supply of a margin scheme

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