VAT news tagged as "Tour operators margin scheme"


Germany referred to ECJ travel agents VAT

April 28th, 2016

The European Commission has today referred Germany to the European Court of Justice (ECJ) for its continuing non-compliance with the EU VAT Directive on travel agents. The EC had already sent Germany a reasoned opinion in 2015, which Germany has ignored. Tour Operators Margin Scheme The Directive provides a compulsory Tour Operators Margin scheme (TOMS) …


Austria extends TOMS VAT

November 27th, 2015

Austria is to extend the application of its Tour Operator Margin Scheme (TOMS) to apply to VAT registered customers from 1 January 2017 (extended from original 2016 plan). TOMS is a regime permitted by the European Union VAT Directive to simplify the VAT compliance burden of travel tour operators. Where operators are buying holiday packages …