Event Organiser: ABTA
Time: All Day
30 Park Street
Event Website: link
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ABTA’s seminar in VAT and TOMS in Travel will give you an overall understanding of VAT in travel before looking in detail at TOMS itself, also addressing how Brexit may affect TOMS with the content being tailored to reflect the ongoing negotiations.
The Tour Operators Margin Scheme (TOMS) is an EU wide simplification measure that protects tour operators from having to register for VAT in every member state in which they operate. If your business buys-in and re-sells travel, accommodation and certain other travel services as a principal to a consumer within the EU, then you must use the TOMS to account for your VAT.
This event will give you an overall understanding of VAT in travel before looking in detail at TOMS itself where delegates will hear about the importance of TOMS and what the current legal issues regarding TOMS are.