Travel

Travel businesses face a complex array of VAT rules and the cross border nature of the transactions adds further complexity. We advise tour operators, travel agents (including OTAs), bedbanks, business travel agents, online marketplaces for short term lets and events organisers. Common areas we advise on include;

Common areas we advise on include;
  • Agent versus principle determination
  • Tour Operators Margin Scheme (TOMS) – when it applies and how to calculate VAT due under TOMS
  • Disclosed agency and the VAT treatment of commissions
  • Business travel agents and transaction fees
  • Event management – VAT efficient structuring for corporate clients
  • Wholesalers and VAT
  • Transport company arrangements to mitigate the cost of VAT
  • VAT treatment of ad hoc fees such as credit card charges, instalment payment arrangements
  • IPT
TALK TO OUR EXPERTS

Julie Park

Managing Director
– VAT and Customs Duty
M: +44 781 400 4236
DD: +44 208 977 3228
EMAIL JULIE