- Bolt Services UK Ltd and HMRC had a case regarding the Tour Operators Margin Scheme (TOMS) and VAT treatment.
- TOMS treatment means that VAT is calculated on the margin achieved, not the value of the sale.
- TOMS applies to various types of businesses, not just tour operators.
- Bolt Services UK Ltd questioned whether their mobile ride-hailing service fell within TOMS.
- HMRC argued that Bolt was not a tour operator and their supplies were not within TOMS.
- The judge disagreed with HMRC and stated that Bolt’s passenger transport service is consistent with a travel service.
- The judge noted that the manner of operation may be different, but the service still falls within TOMS.
Source: centurionvat.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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