News

Travel Agents to Meet Over Travel Agent’s Margin Scheme

Travel Agents to Meet Over Travel Agent’s Margin Scheme

Irish travel agents are to meet in Dublin “within four to five weeks” to discuss, and perhaps to protest about, the Revenue Commissioner’s travel agent’s margin scheme. Revenue Logo

Tony Bernie of Midland Travel told Irish Travel Trade News: “The Government, the Department of Finance and the Revenue Commissioners do not understand how the travel industry works. We are told that the margin scheme is a European initiative, but it’s not, and whereas it was intended to help the travel agent in practice it is helping to put them out of business.

“At this stage I have spoken with over 80 travel agents around the country and I am being asked to arrange a meeting in Dublin – and I intend to do so by the end of February.

“Any agent can contact me on 087 925 7473 or by email: tony@midlandtravel.ie.”

The Revenue Commissioner’s leaflet on the scheme (available at www.revenue.ie/en/tax/vat/leaflets/travel-agent-margin-scheme.html) includes the following:

Part 1 – Travel agent’s margin scheme

The travel agent’s margin scheme provides for the taxation, from 1 January 2010, of margin scheme services supplied by tour operators and travel agents, acting as principals (referred to in the EU VAT Directive and in this leaflet as “travel agents”). Margin scheme services include services such as transport, accommodation, tour guides etc. bought-in by a travel agent from third parties, which are then sold by the travel agent as a package to a traveller. In this scheme, unlike the normal VAT system, VAT is accounted for on the basis of the travel agent’s margin rather than the full consideration the travel agent receives for the supply.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

More in News

7.3m Chinese to Read About the Island of Ireland

Michael FloodJuly 16, 2018

New Record for Dublin Airport in June

Michael FloodJuly 15, 2018

Amadeus Achieves IATA Level 3 NDC Certification as an Aggregator

Neil SteedmanJuly 14, 2018

LAX Pilots ‘AskLAX’ Kiosks in Two Terminals

Neil SteedmanJuly 12, 2018

CAR Issues Ceased to Trade Notice Re Premier Irish Golf Tours

Neil SteedmanJuly 12, 2018

daa Appoints Ray Hernan as ARI Chief Executive

Neil SteedmanJuly 11, 2018

New Air France Business Lounge at Paris-CDG

Neil SteedmanJuly 10, 2018

Jason Kearns Joins Qatar Airways as Sales Executive

Neil SteedmanJuly 10, 2018

Irish Open Golf Goes with a Swing with Emirates

Neil SteedmanJuly 10, 2018

Copyright © 2016 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland