The following Value Added Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of the main VAT treatment of supplies made by tour operators and travel agents. It should be read in conjunction with the following notes:
Tour Operators Margin Scheme (TOMS) ― overview
Place of supply of services ― intermediaries
Place of supply of services ― passenger transport
Supply and consideration ― agents and principals
The VAT treatment of the services made by a travel agent will depend on the exact nature of the relationship between the travel agent and the customer. The contractual and practical relationship between the parties involved should enable the travel agent to determine which one of the following applies:
The agent was acting as:
a disclosed intermediary
an undisclosed intermediary, or
a tour operator
The travel agent will be acting as an intermediary where:
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.
Access this article and thousands of others like it free for 7 days with a trial of TolleyGuidance.
Read full article
Already a subscriber? Login
This guidance note explains how to calculate the amount of tax that arises under the lifetime charge. In general terms the lifetime charge will apply to individuals who transfer property into a trust that is subject to the relevant property regime. See the Chargeable transfers and Occasions of
Normal due dateSmall companies (including marginal relief companies) are required to pay all of their corporation tax ― nine months and one day ― after the end of the chargeable accounting period.For example, where a chargeable accounting period ends on 31 December 2018, the due and payable date for
Time for paymentTwo statutory rules apply on death:•tax is ‘due’ six months after the end of the month of death and carries interest from the ‘due’ date until paidThere is a possibility of payment by instalments, but this applies to certain types of property only ― see the ‘Availability of
What is structures and buildings allowance (SBA)?From 29 October 2018, expenditure on constructing a non-residential building or structure, or in certain cases, expenditure on acquiring such a building or structure, qualifies for an SBA. The following note has been updated for the changes announced
To view our latest tax guidance content, sign in to Tolley Guidance or register for a free trial.