- HMRC has changed its guidance on wholesale supplies for tour operators
- Previously, B2B wholesale supplies were considered outside the scope of TOMS
- Following a tribunal case, HMRC now includes B2B wholesale supplies within TOMS
- Tour operators can now opt B2B wholesale supplies out of TOMS by concession
- HMRC believes this change has no practical impact but has updated its guidance to align with policy
Source: icaew.com
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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