During a recent vat audit the inspector mentioned that the company should be using the Tour Operators Margin Scheme what ever that is and he has of course written to tell us to start using the scheme. I have read the bumpf on the hmrc web site and am confused can anyone explain it in plain language.
We manage artists and do as part of the service handle their travel arrangements, our clients are from the EEC and USA in the main, and any help or advice would bve appreciated
regards
John
Replies (2)
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well this is the second post !
it is not something that can be explained on here it is far too complicated unfortunately. have you downloaded the bumf from Pooley as recommended in your last post, if you read that carefully it should help , if you are stuck message me and we can have a chat. Nick