Seminar

A Complete Guide to VAT and TOMS in Travel – London

past event

Event details

This seminar will give you a comprehensive understanding of TOMS VAT and how it is calculated. It will look to the future with a focus on how Brexit may affect TOMS, the new Making Tax Digital legislation and the work of the Office of Tax Simplification. 

About the event

The Tour Operators Margin Scheme (TOMS) is an EU wide simplification measure that protects tour operators from having to register for VAT in every member state in which they operate. If your business buys in and resells travel, accommodation and certain other travel services as a principal to a consumer within the EU, then you have to use the TOMS to account for your VAT.

ABTA’s one-day seminar will give you an overall understanding of VAT in travel before looking in detail at TOMS itself where delegates will hear about the importance of TOMS, what the current legal issues regarding TOMS are and how to work out a company's VAT position. 

Sessions

  • How does VAT apply to travel and the framework within which VAT is applied 
  • What will the impact of Brexit be on TOMS
  • Agent/principal contracting with an introduction to the Med Hotels, Hotels4U and Opodo cases
  • The legal and practical implications of the Med Hotels case 
  • How to calculate TOMS – practical exercises
  • ABTA’s work around VAT and the current issues ABTA is working on

Speakers

Moderator: Carolyn Watson, Director of Finance and Resources, ABTA
David Bennett,
VAT Consultant, Elman Wall Bennett
Laura Chipp, 
Associate Director – Head of VAT, Elman Wall
 

Additional speakers will be announced shortly.

Benefits of attending

  • Take part in two practical exercises to fully understand how TOMS is calculated
  • Get invaluable perspectives from the experts on how TOMS will be affected by Brexit
  • Understand what measures you need to put in place to comply with Making Tax Digital 
  • Hear about the work that ABTA does around VAT and how this can help your travel business 
  • Network with peers and hear about the finance issues your industry colleagues are facing 

Who should attend?

Finance teams within large and small tour operators. This event is open to ABTA Members, non-Members and the wider travel industry.

Event prices

ABTA Member/ABTA Partner rate* – £229 plus VAT 
Non-Member rate – £349 plus VAT

*To qualify for the ABTA Member/Partner discount you must have a current ABTA Member/Partner number or your application must be in progress when the event takes place.

Non-Members are welcome to attend ABTA Conferences and Events. For information about becoming a Member click here.

View our booking terms and conditions here.

Event sponsorship

Event partner


Elman Wall Bennett is a consultancy focused on travel VAT run by David Bennett. David is a VAT consultant specialising in the travel sector.  David advises a broad range of tour operators and travel agents on TOMS and other matters such as the VAT place of supply rules. David has represented ABTA on the Fiscal Committee of ECTAA since 2000.  This has involved extensive work on issues such as the Commission’s proposals for reform of TOMS. David has been instrumental in the establishment of TTL Net, a network of VAT advisors specialising in the travel sector.  TTL Net now has consultants in 19 member states plus Switzerland and Iceland.

 

For details on how to promote your company via headline sponsorship, branding and exhibition, contact Matt Turton on 020 3693 0194 or mturton@abta.co.uk

To view our sponsorship opportunities click here.

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Testimonials

"Overall an excellent introduction to VAT within the travel industry, the presenters did a fantastic job in terms of delivering the subjects. Found the practical questions very insightful with detailed explanations."
Wayne Mchean
ST&H Limited