Navigating the Legal Landscape: Bolt Ltd vs HMRC in the TOMS Saga
The legal saga between Bolt Services UK Limited (referred to as ‘Bolt’) and The Commissioners for His Majesty’s Revenue and Customs (HMRC) has brought to the forefront crucial questions regarding the Value Added Tax (VAT) treatment of mobile ride-hailing services....
TOMS VAT Scheme Dispute Resolved: Sonder Europe Limited’s Victory
In a recent legal battle between Sonder Europe Limited (Sonder) and The Commissioners for His Majesty’s Revenue and Customs (HMRC), the focus was on the Tour Operators Margin Scheme (TOMS), a special TOMS VAT scheme applicable to specific services provided...
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.
Booking.com in UK: Property Tax Insights and Guidance
The article guides UK property owners using Booking.com through the complexities of income tax, VAT, capital gains tax, and other relevant aspects, puts an emphasis on compliance, advantages, and tax-saving tips for successful property management.
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.
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