Head of Travel & Leisure

HMRC U-turn on new VAT rule

Government revises guidance relating to TOMS Keen readers of our blogs will recall my post at the beginning of this year, highlighting that travel organisers using the Tour Operators’ Margin Scheme (TOMS) would have to pay VAT on forfeited customer deposits and other cancellation fees, from March 1, 2019. Thankfully, HMRC has concluded that this…