Tour operators' margin scheme (TOMS)
A fixed establishment, meaning
Accounting for VAT
ESC for fixed margin excursions sold by cruise operators
ESC: airline charter option
Generally
Airline, input tax on hotel bills and hire charges
Alternative method of calculation
Election to use
Withdrawal of approval
Ancillary services
Annual adjustment assessment, three-year cap
Applicability
Applicability, cases
Application
Failure of member state to fulfil obligations
Organisation of international study trips
Apportionment
Apportionment of supplies
Calculation
Cost-based (annual adjustment) from 1 January 2010
Market value (annual adjustment) from 1 January 2010
Provisional percentage
Simplified year-end (annual adjustment)
Two annual calculations: change in standard VAT rate
Year-end (annual adjustment) up to 31 December 2009
Cap, interaction
Change in method of calculation, Customs' refusal
Checklist
Conflict with UK practice
Designated travel services
Enjoyed outside EC, zero-rating
Generally
Limousine service
Meaning
European law
General provisions
Generally
Group membership, restriction
Has established its business, meaning
Holiday accommodation
Hotel
In-house supplies
In-house supply of transport, calculation of costs
Inputs excluded indirect cost of adverts and training
Invoices
Liability to account for output tax under TOMS
Margin scheme supply
Meaning
Method of accounting for tax
Operation of a website to market hotel rooms
Passenger transport
Place of supply of services
European law
Generally
Modification
Place business established
Supply made from fixed establishment
Principal or agent
Generally
Travel club supplies
Registration
Threshold
Value of supply
Supplies of hotel and other accommodation made as agent for accommodation providers
Tax point
Taxable amount
Bought-in and in-house supplies
Generally
Prompt payment discounts
Those within scheme
Tour operator, meaning
Tour operator, meaning within EU law
Transport-only sales, treatment
Travel agent, meaning within EU law
Travel facility
UK legislation
Value of supplies
European law
Registration purposes
Wholesale supplies
Writing off debts