Tour Operators – Can you benefit from adapting your TOMS calculations?

12 February 2014

After lengthy deliberation, HM Revenue & Customs (HMRC) has announced it is not going to change the way the Tour Operators Margin Scheme [TOMS] is operated in the UK.

The HMRC VAT brief announcement can be read here

Despite the European Court’s binding decision last year that:

  • Wholesale su