Join ASAP for a Critical Webinar on TOMS and HMRC’s Recent Ruling

ASAP, in collaboration with taxation experts MHA (the UK independent member firm of Baker Tilly International), invites you to an essential webinar addressing a significant VAT dispute that is impacting serviced accommodation providers.

One of ASAP’s Operator Members has been engaged in a long-running legal battle with HMRC over the application of the Tour Operators’ Margin Scheme (TOMS). This VAT accounting scheme applies to UK businesses that package and resell travel-related services – including flights, hotels, and transfers – taxing only the profit margin rather than the full sales value. However, HMRC has challenged whether TOMS also applies when accommodation is leased and then rented out.

In a recent ruling, the Upper Tribunal sided with HMRC, a decision that could have major financial and operational consequences for serviced accommodation providers, including increased VAT liabilities and potential reassessments of past VAT payments. The affected operator has until 14 February to appeal, but regardless of their decision, this case has industry-wide implications.

During this webinar, ASAP and MHA will break down the ruling, explore the potential outcomes of an appeal, and discuss what this means for operators both in the UK and globally. This is a crucial opportunity to stay informed and prepare for possible changes ahead.

Exclusive to ASAP Operator, Agent, and Supplier Members – Register now to secure your place.