Sonder Europe case update- TOMS application to supplies of Serviced Flats
HMRC have indicated that they will appeal the decision of the First Tier Tribunal in the matter of Sonder Europe Ltd and it's ability to used the Tour Operators Margin Scheme (TOMS) as the mechanism to account for VAT on their supplies of serviced residential accommodation.
For details on the earlier decision please click here VAT and Serviced Accommodation Provision - Sonder Europe Ltd - it's a TOMS Supply
Definitely a case to keep an eye on as it progresses to the next Tier. It'll be of interest to residential landlords as well as the travel industry in general.
Should you need help in this regard do get in touch with the Xeinadin Indirect Tax team here at Centurion IndirectTax@Xeinadin.com
This article is for information only and specific advice should always be taken.