TITLE

HMRC might look at other businesses

AUTHOR(S)
Wright, Damon
PUB. DATE
March 2010
SOURCE
Travel Weekly (UK);3/26/2010, Vol. 5, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that Med Hotels Ltd. is liable to pay value-added tax (VAT) through the Tour Operators' Margin Scheme to the Government of Great Britain.
ACCESSION #
49546467

 

Related Articles

  • Europe's taxmen 'should levy duty'. Berman, Chloe // Travel Weekly (UK);3/26/2010, Vol. 5, p8 

    The article discusses the case of Med Hotels Ltd., which is liable to pay value-added tax (VAT) under the Tour Operators' Margin Scheme of Great Britain Her Majesty's Revenue & Customs (HMRC).

  • 'Non-principals threaten industry' Hayhurst, Lee // Travel Trade Gazette UK & Ireland;6/27/2008, Issue 2823, p2 

    The article states that agents in Great Britain have been warned that working with nonprincipal suppliers is no alternative to principal status. It notes that such suppliers offer indemnities that pay out in the event of an accident but lack moral and legal responsibility. The renewed calls for...

  • Landmark VAT ruling.  // Travel Daily;3/6/2014, p5 

    The article reports that accommodation supplier Medhotels won a landmark ruling, with a British court declaring that it does not have to pay 7.1 million British pounds for value-added tax.

  • HMRC win would have industry-wide fall-out.  // Travel Weekly (UK);11/27/2009, p6 

    The article reports that the outcome of the Medhotels case is likely to have an impact on the dynamic packaging sector. Currently, most bed banks believe that acting as an agent means they are exempt from paying value-added tax (VAT) under the Tour Operator Margin Scheme (TOMS). However, Saffery...

  • Med Hotels case renews VAT worries.  // Travel Trade Gazette UK & Ireland;7/5/2012, Issue 3011, p4 

    The article informs that Her Majesty's Revenue & Customs of Great Britain will appeal against the Med Hotels Ltd. for the application of the value added taxes (VAT).

  • PRINCIPAL OR AGENT. VAT OR NO VAT. IMPLICATIONS OF MED HOTELS LTD v HMRC. Venables, Richard; Bevan-Jones, Katie // Travel Law Quarterly;Sep2010, Vol. 2 Issue 3, p139 

    The article focuses on the authors' insights on the agency business model adopted by travel companies, along with the implication of Med Hotels Ltd.'s decision on the travel sector. They mention the advantages for bed banks, tour operators, and internet split contractors in acting as agents as...

  • Principal confusion puts public at risk. Josephides, Noel // Travel Trade Gazette UK & Ireland;6/27/2008, Issue 2823, p11 

    The article comments on the decision of Medhotels, the father of all bed banks, to switch back to acting as an agent. The author notes that Medhotels is reversing to its former status because it has been forced to add a hefty amount to each booking to cover value-added tax (VAT) on Tour...

  • Medhotels 'acted as a principal, not agent'. Berman, Chloe // Travel Weekly (UK);11/27/2009, p6 

    The article reports on the legal battle by Thomas Cook-owned bed bank Medhotels over an 11 million pound value-added tax (VAT) claim payable under the Tour Operators' Margin Scheme (TOMS). The claim covers the period from 2004 to 2007, when Medhotels was owned by Lastminute.com. Sam Grodzinski,...

  • Medhotels case rocks bed banks.  // Travel Trade Gazette UK & Ireland;10/2/2009, Issue 2883, p4 

    The article reports on the 11 million-dollar claim filed by bed bank Med Hotels Ltd., owned by Thomas Cook, against Her Majesty's Revenue and Customs which will be heard on November 23, 2009 in London, England. It states that the case is viewed to affect the independent bed banks that act as...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics