New Forest


What is the Tour Operators’ Margin Scheme?

TOMS applies to supplies of ‘designated travel services’ made by ‘tour operators’.

A designated travel service is defined in law as goods or services that are acquired by way of business and then supplied to a traveller without material alteration or further processing.

A tour operator is defined as a person who provides designated travel services.

To calculate the VAT, 1/6 of the margin on designated travel services is declared to HMRC. The margin is the selling price of the supply, less any direct costs.

For further information on interest rates, please contact us on 023 8046 1244 or email James Flood.

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