- Revenue and Customs Brief 5 (2024) explains the Tour Operators’ Margin Scheme for business to business wholesale supplies
- Businesses can choose whether or not to apply TOMS to B2B wholesale supplies
- There is a technical change to the VAT treatment of B2B wholesale supplies in relation to TOMS
- The policy allowing businesses to choose whether to apply TOMS to these supplies remains unchanged
Source: gov.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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