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The Tour Operators Margin Scheme - TOMS

Full-day course  |  6 CPD hours

£ 329 +VAT per person

£329 +VAT
per person

This course can be presented in-house at your premises. You can find out more about our in-house training here.

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Home > Courses > The Tour Operators Margin Scheme - TOMS

The Tour Operators Margin Scheme - TOMS

Full-day course

Course prices:

Classroom: £329 +VAT per person

Course overview

Do you already use the Tour Operators Margin Scheme (TOMS) and need to fully understand the complex rules and calculations? Do you buy in and re-sell travel or related services and do you need to account for VAT under TOMS?

If you buy-in and re-sell travel services, you must have a clear understanding of this complex scheme to ensure that you account for VAT correctly. This full-day course explains TOMS in detail and offers practical advice on what supplies are included and how to carry out the calculation.

It will clearly explain how the scheme can affect your business and what you need to consider. The course will help you determine what supplies should be accounted for under TOMS, how to carry out the calculations correctly and highlights what should be included in order to ensure that the VAT declared on the margin is correct. The more complicated areas of TOMS will also be covered, including the difference between in-house supplies and other margin scheme supplies, supplies to businesses, the different calculations and special situations.

To reinforce what you learn during the day and to demonstrate how the scheme works in practice, our expert presenter will also use a number of practical worked examples and discuss relevant recent case law. Ultimately, attending this course will significantly increase your confidence when dealing with TOMS and will help you avoid the common pitfalls.

Who should attend?

This course is crucial for anyone that works with VAT in organisations affected by TOMS. This primarily includes those in the travel and tourism sectors, but what is less known, is that TOMS may also apply to many other businesses that buy in and recharge travel costs. For example...

  • Training companies that arrange an event and include hotel accommodation and an evening meal
  • A football club that organises travel for fans to overseas games
  • Events companies that arrange an event such as a ‘track day’ and are then asked to provide things such as food and accommodation

What will you learn?

This course is a complete guide and explains everything you need to know about TOMS and related topics, including:

  • Registering for VAT and TOMS
  • What is TOMS and how does it work?
  • What supplies are covered by TOMS?
  • What about VAT recovery?
  • Place of supply issues
  • Supplies to businesses
  • In-house supplies
  • TOMS - The calculations
  • Using the provisional percentage to account for VAT
  • Annual adjustments
  • Partial Exemption and TOMS
  • Special situations
  • Anti-avoidance rules
  • Case law and the impact on supplies

Extra benefits

  • A course pack containing the information presented on the day
  • A certificate of attendance
  • Complimentary refreshments and lunch provided

Course presenters

  • Eric Miller

    Eric is an independent Chartered Tax Adviser (CTA/AIIT qualified) specialising in indirect tax and with over 25 years’ experience of VAT, Customs, Excise and other indirect tax. He worked in several senior roles at HMRC before joining Ernst & Young as an Indirect Tax Manager. He later became the Director of VAT and Indirect Taxes at Campbell Dallas.

    Eric now works as an independent consultant helping businesses of all sizes deal with VAT and other indirect tax matters. Drawing on his considerable experience working in practice and at HMRC, he is able to deal with the most complicated issues and provide sound advice.

Course dates