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;
Travel
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
- EU VAT registration requirements post Brexit
- Business travel agents and transaction fees
- Event management – VAT efficient structuring for corporate clients
- Wholesalers and VAT
- VAT treatment of ad hoc fees such as credit card charges, instalment payment arrangements
- IPT
