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Home / De-Voil /Part V3 Supplies, acquisitions and imports /Division V3.5 Output tax /Tour operators' margin scheme (TOMS) / V3.592 Tour operators' margin scheme (TOMS)—definitions and scope
Commentary

V3.592 Tour operators' margin scheme (TOMS)—definitions and scope


Part V3 Supplies, acquisitions and imports

This paragraph examines key definitions associated with the tour operators' margin scheme (TOMS) and the scope of the scheme. In particular it considers:

  1. Ìý

    •ÌýÌýÌýÌý the general scope of the scheme

  2. Ìý

    •ÌýÌýÌýÌý designated travel services

  3. Ìý

    •ÌýÌýÌýÌý in-house supplies

  4. Ìý

    •ÌýÌýÌýÌý agency supplies

  5. Ìý

    •ÌýÌýÌýÌý margin scheme packages

  6. Ìý

    •ÌýÌýÌýÌý tour operators

  7. Ìý

    •ÌýÌýÌýÌý the margin

  8. Ìý

    •ÌýÌýÌýÌý particular inclusions/exclusions (including wholesale supplies and supplies for business use)

General scope of the TOMS

The tour operators' margin scheme (TOMS) is a mandatory scheme. It provides (in general terms) that the value of a 'designated travel service' is to be determined for VAT purposes by reference to the difference sums paid or payable to and sums paid or payable by the tour operator in respect of that service, calculated in such manner as Commissioners of Customs and Excise shall specify1. The detailed mechanics of calculation of the profit margin are described in V3.593.

The tour operators' margin scheme must

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