Travel Industry VAT
Clients using the Tour Operators Margin Scheme (TOMS) can have a retrospective review, to check for potential refunds and overall compliance.
Planning forward, we can help you maximise VAT mitigation options, ensure awareness of HMRC policy, and provide updates on tribunal/court cases, within your sector.
Businesses that are new to the TOMS, e.g. Event Management Companies from 1 Jan 2010, can be confident that we will seek to minimise their VAT exposure, whilst ensuring compliance to TOMS law and HMRC guidance.
Other sectors of the travel industry (e.g. agents and wholesalers) may soon be facing new VAT problems, with the changes in “Place of Supply” rules from 1 Jan 2010 (and later dates).
We intend providing guidance and seminars on the complex issues involved within these changes.
