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The Tour Operators Margin Scheme - TOMS    

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Full-Day Course | £289 + VAT

Businesses can be involved in making supplies which require the VAT to be declared using the Tour Operators Margin Scheme (TOMS), a complex and often misunderstood scheme.  If you buy-in and re-sell travel services, you must have a clear understanding of the scheme to ensure that you account for VAT correctly. This full-day course explains TOMS in detail and offers practical advice on what supplies are included and how to carry out the calculation.

Course Dates

Please select the date you wish to attend by clicking the circle next to it.

04 July 2017 - Full Day -London - Hamilton House
30 November 2017 - Full Day -London - Hamilton House

Course Overview

Are you already using TOMS and need to fully understand the complex rules and calculations? Do you buy in and re-sell travel or related services and do you need to account for VAT under TOMS?

This full-day course gives all those involved in TOMS the opportunity to gain crucial knowledge of how TOMS can affect your business and what you need to consider. It will help you determine what supplies should be accounted for under TOMS, how to carry out the calculations correctly and highlights what should be included in order to ensure that the VAT declared on the margin is correct.

The more complicated areas of TOMS will also be covered, including the difference between in-house supplies and other margin scheme supplies, supplies to businesses, the different calculations and special situations.

To reinforce what you learn during the day and to demonstrate how the scheme works in practice, our expert presenter will also use a number of practical worked examples and discuss relevant recent case law.

Ultimately, attending this course will significantly increase your confidence when dealing with TOMS and will help you avoid the common pitfalls.

Who should attend?

This course is crucial for anyone that works with VAT in organisations affected by TOMS.  This primarily includes those in the travel and tourism sectors, but what is less known, is that TOMS may also apply to many other businesses that buy in and recharge travel costs. For example...

  • Training companies that arrange an event and include hotel accommodation and an evening meal
  • A football club that organises travel for fans to overseas games
  • Events companies that arrange an event such as a ‘track day’ and are then asked to provide things such as food and accommodation

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What will you learn?

It is a complete guide and explains everything you need to know about TOMS and related topics, including:

  • Registering for VAT and TOMS
  • What is TOMS and how does it work?
  • What supplies are covered by TOMS?
  • What about VAT recovery?
  • Place of supply issues
  • Supplies to businesses
  • In-house supplies
  • TOMS - The calculations
  • Using the provisional percentage to account for VAT
  • Annual adjustments
  • Partial Exemption and TOMS
  • Special situations
  • Anti-avoidance rules
  • Case law and the impact on supplies

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Extra Benefits:

  • A Seminar Pack containing the information presented on the day
  • A Certificate of Attendance

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Course Time:

09:30 - 17:00

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    Course Presenter:

    Eric Miller:

    Eric is an independent Chartered Tax Adviser (CTA/AIIT qualified) with over 25 years’ experience of VAT, Customs, Excise and other indirect tax.  He has vast experience of dealing with complicated issues and providing advice drawing on his experience in practice and HMRC. He has secured large repayments for clients involved in TOMS and understands the practical issues facing businesses.

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    Course Cost:

    The price to attend this full day course is £289 per person and is exclusive of VAT and includes the course material, tea/coffee on arrival, mid-morning tea/coffee and mid-afternoon tea/coffee.

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