Tour Operators Margin Scheme extended to B2B supplies

As from 1 January 2022, the Tour Operators Margin Scheme (TOMS) in Austria is extended to apply to VAT-registered businesses as recipients (i.e., B2B supplies) and changes are made to the VAT base for tour operators. The changes were made as a result of a decision of the Court of Justice of the European Union (CJEU) issued on 27 January 2021.

Source BDO