New HMRC policy on the Tour Operators’ Margin Scheme for B2B wholesale supplies
26 April 2024| CATEGORIES: B2B, HMRC guidance, TOMS| TAGS: B2B wholesale, New HMRC policy, TOMS
HMRC have published Revenue and Customs Brief 5 (2024) on the application of the Tour Operators’ Margin Scheme (TOMS) for business-to-business (B2B) wholesale supplies. The brief explains that businesses can choose if they want to apply the Tour Operator’s Margin Scheme (TOMS) to B2B wholesale supplies.