Policy paper
Revenue and Customs Brief 9 (2019): VAT Tour Operators Margin Scheme and retained payments and deposits
This brief explains how businesses that have paid too much VAT from 1 March 2019, as a result of an error in VAT Notice 709/5, can correct this.
Documents
Details
This brief explains the correct treatment for VAT on retained payments and deposits made for unfulfilled Tour Operators Margin Scheme supplies, following an error in VAT Notice 709/5.
Published 6 September 2019