Policy paper
Revenue and Customs Brief 5 (2024): Tour Operators’ Margin Scheme for business to business (B2B) wholesale supplies
This brief explains that businesses can choose if they want to apply the Tour Operator’s Margin Scheme (TOMS) to business to business wholesale supplies.
Documents
Details
This brief sets out a technical change to the VAT treatment of business to business (B2B) wholesale supplies in relation to the Tour Operators’ Margin scheme (TOMS).
Our policy that businesses have a choice whether to apply the TOMS to these supplies remains unchanged.