Tour Operators Margin Scheme with Golf Holidays

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The Tour Operators Margin Scheme is in the courts again with the Golf Holidays Worldwide Limited [2023] UKFTT 00701 (TC) case

Another interesting Tour Operators Margin Scheme (TOMS) case, relating to the fact that taxpayers can choose to keep wholesale supplies outside or within TOMS. The appellant accounted for its supplies within TOMS, but later filed an error correction notice (ECN) to reverse that position when it realised it would be better off accounting for the […]