Is your Serviced Accommodation business eligible for TOMS?
Understanding eligibility under the Tour Operators' Margin Scheme (TOMS) for serviced accommodation involves assessing the nature of service provision and contracts, emphasizing non-material alterations and the direct benefit to travelers, distinguishing between acting as a principal or agent in property...
VAT Calculation under Tour Operators’ Margin Scheme
Unlock the intricacies of VAT under the Tour Operators' Margin Scheme (TOMS) for businesses in the UK travel industry. Learn how TOMS affects VAT calculations, from output VAT on profit margins to annual adjustments, providing essential insights for savvy financial...
VAT on Serviced Accommodations: Is your income over the VAT threshold?
Navigate VAT complexities for your serviced accommodation business with insights on standard-rated VAT for apartments and benefits of the Tour Operators Margin Scheme. Contact us for hassle-free assistance with your VAT queries in holiday lets and serviced accommodations.
VAT Analysis for Agent and Principal Roles in Serviced Accommodation
Untangle VAT complexities in serviced accommodation: Agents pay VAT only on commissions, while principals consider property location and Tour Operators’ Margin Scheme. Essential insights for both agents and principals.
Understanding VAT on Residential Property Refurbishment
The article explores the intricacies of reclaiming VAT on residential property refurbishment, offering insights into VAT rates, exemptions, and strategies for optimising recovery to mitigate the financial impact.
Understanding The UK Flat Rate Scheme For VAT: A Simplified Guide
This article provides a comprehensive guide to the UK Flat Rate Scheme for Value Added Tax (VAT), covering its basics, joining process, disqualification criteria, leaving procedures, benefits, and steps to calculate VAT payments under the scheme, offering valuable insights for...
VAT On Commercial Property: What You Need to Know
Standard rate of VAT, currently 20%, is typically applied to commercial property transactions when the seller has opted to tax, or when new commercial properties are being sold or leased.
Golf Holidays Worldwide Ltd.’s VAT – TOMS Treatment Revision
Golf Holidays Worldwide Ltd. challenges HMRC’s rejection of their VAT refund claim under the Tour Operator’s Margin Scheme (TOMS).
Tour Operators Margin Scheme (TOMS) and Serviced Accommodation
A guide to understand how TOMS can reduce VAT liability for businesses that provide travel accommodation services without material alteration.
By using this website, you agree to our use of cookies to enhance your experience.
For more information, please see our Cookie Policy.
Close