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TOMS

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The Tour Operators’ Margin Scheme (TOMS) is a VAT scheme in the UK designed for businesses that buy-in and resell travel services, such as accommodation and transport. Instead of accounting for VAT on the total selling price, businesses under TOMS only pay VAT on the margin (the difference between the sale price and the cost of services bought in).

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Peter authors much of our most popular news and blog content, covering all the latest trends and insights from across the indirect tax industry. He specialises in video production and is behind our successful podcast series, Tax People Aren’t Boring. Peter also produces many of our most popular features, such as VAT infographics and social media content.