- Golf Holidays Worldwide Ltd operates the Tour Operator Margin Scheme (TOMS) and included wholesale supplies within TOMS.
- The company submitted a claim on the basis that those wholesale supplies should not have been within the scheme.
- HMRC rejected the claim, stating that no error had been made on the returns when TOMS accounting was adopted for wholesale supplies.
- Golf appealed, arguing that UK law excludes wholesale supplies from TOMS and requires a taxable person to apply the normal VAT rules.
- The FTT agreed with HMRC, stating that Golf had used a lawful option in accounting for VAT which they now realise was less advantageous than an alternative lawful option.
- Golf also argued that HMRC could not rely on the principle of direct effect.
Source KPMG
Latest Posts in "United Kingdom"
- HMRC Policy paper: Budget 2025 document
- Briefing document & Podcast: E-Invoicing & E-Reporting in the United Kingdom: Scope and Implementation Overview
- Mandatory B2B e-invoicing as of April 2029
- UK Budget 2025: HMRC Eases VAT Rules for UK Businesses with EU Branches
- Budget 2025: Government Bans VAT Loophole for Uber, Bolt and Ride-Hailing Apps
