Tour Operators Margin Scheme (TOMS) ― operating the scheme

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

This guidance note provides information about the operation of the Tour Operators Margin Scheme (TOMS).

For an overview of the TOMS, see the Tour Operators Margin Scheme (TOMS) ― overview guidance note.

For commentary on methods of calculation of VAT under the TOMS, see De Voil Indirect Tax Service V3.593.

The TOMS and VAT registration

When monitoring turnover to establish if a supplier must be registered for VAT on a compulsory basis it is necessary to identify and distinguish between supplies made in the course or furtherance of the supplier’s business activities that are:

•
covered by the TOMS
•
taxable supplies made in the UK that are not covered by the TOMS
•
exempt from VAT

The table below provides a summary of the value to include or ignore when monitoring turnover to establish if a supplier must be registered for VAT on a compulsory basis:

Value to include or ignore when monitoring turnover for VAT registration purposes	Guidance notes
Include the value of the margin on all

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