Event Details

ABTA's A Complete Guide to VAT and TOMS in Travel - London

Details: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 have to use TOMS to account for your VAT. ABTA"s one-day seminar will give you a comprehensive guide to what this means and how TOMS VAT is calculated. 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, what the current legal issues regarding TOMS are and how TOMS interacts with accounting requirements.


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