Supreme Court Rejects Bolt Appeal in VAT Margin Scheme Dispute with HMRC

• The UK Supreme Court refused Bolt’s permission to appeal, ending the dispute and leaving HMRC’s position in place.
• The case concerned whether Bolt’s ride-hailing/private hire passenger transport services could use the tour operators’ margin scheme (TOMS) to reduce VAT liability.
• TOMS is a simplified VAT accounting scheme for tour operators and travel agents that buy and resell travel services such as passenger transport and accommodation.
• The Court of Appeal’s ruling upholding HMRC’s VAT treatment of private hire vehicle operator services now stands as the final outcome.

Source: accountancydaily.co

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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