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...
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 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.
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.
HMRC Pursues Uber for £386m VAT Bill
Uber faces a tax dispute with the UK’s tax authority, HM Revenue and Customs (HMRC), as the latter demands an additional £386 million in VAT payments. The disagreement revolves around Uber’s use of the Tour Operators Margin Scheme (TOMS) for...
