pps@marosavat.com | +34 91 0602141

MarosaVAT EU VAT Services

Austrian TOMS is extended to B2B supplies

principal / Austrian TOMS is extended to B2B supplies

Austrian TOMS is extended to B2B supplies

Disculpa, pero esta entrada está disponible sólo en Inglés Estadounidense. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.

TOMS in Austria was only applicable on supplies to private individuals. However, from 1 January 2016, this regime will also apply when the customer is a VAT registered business (B2B). 

The Tour Operator Margin Scheme is usually known by the abbreviated term TOMS. This scheme simplifies the way VAT is accounted by businesses that buy-in and re-sell hotel, accommodation and other travel services in their own name. Businesses using TOMS do not recover VAT on their purchases and only account for VAT on the margin between the cost and the sale price.

TOMS was only applicable on supplies to private individuals in Austria. However, from 1 January 2016, this regime will also apply when the customer is a VAT registered business (B2B). 

The Tour Operator Margin Scheme is usually known by the abbreviated term TOMS. This scheme simplifies the way VAT is accounted by businesses that buy-in and re-sell hotel, accommodation and other travel services in their own name. Businesses using TOMS do not recover VAT on their purchases and only account for VAT on the margin between the cost and the sale price.

  • By Marosa VAT
  • Publicado 11/02/2016 9:37