Policy paper

Revenue and Customs Brief 9 (2019): VAT Tour Operators Margin Scheme and retained payments and deposits

This brief explains how businesses that have paid too much VAT from 1 March 2019, as a result of an error in VAT Notice 709/5, can correct this.

• From: HM Revenue & Customs
• Published: 6 September 2019

Documents

Revenue and Customs Brief 9 (2019): VAT Tour Operators Margin Scheme and retained payments and deposits

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Details

This brief explains the correct treatment for VAT on retained payments and deposits made for unfulfilled Tour Operators Margin Scheme supplies, following an error in VAT Notice 709/5.

Published 6 September 2019