ABM Orkney Ltd’s Post

Tackling TOMS: Making Sense of the Most Overcomplicated VAT Scheme for Tour Operators Let’s not mince words—the Tour Operators Margin Scheme (TOMS) is as complicated as VAT schemes get. If you’ve ever tried to wrap your head around its nuances and ended up with a headache, you’re not alone. But as bewildering as TOMS can be, it’s also mandatory for businesses that meet certain criteria. That’s where ABM Orkney steps in. We specialize in demystifying this complex scheme and making it work for your tour operation. Read more here https://buff.ly/4fAOtSz #ABMOrkney #HMRC #TOMS #VAT

A Comprehensive Guide to the Tour Operator Margin Scheme (TOMS)  The Tour Operator Margin Scheme, commonly referred to as TOMS, is a special VAT scheme for businesses involved in buying and reselling travel-related services. #TOMS #TourOperatingScheme #VAT

Yeah, I tried to save some money flying with Allegiant. No, it did not work out in my favor. It is easy to be a bit cheeky about this and just move on. But, also, the way airlines (Breeze, Spirit, Frontier, and Sun Country have similar policies) implement this probably should be revisited by the DOT. After all, having the counter open just 2 hours each week is hardly a reasonable option for the vast majority of consumers. #paxex #aviation #ancillaryfees

WestJet “Other ATC” Fees: What The Tax? WestJet charges “Other ATC” fees on many of their routes and these fees can erode the expected value of your next WestJet Rewards booking or WestJet companion voucher redemption. Click to learn what Other ATC fees encompass and how can you avoid them on your next booking. #WestJet #OtherATC #WestJetRewards #FrugalFlyer #CompanionVoucher

What Is TOMS? In its simplest form, TOMS is a VAT scheme designed for businesses that buy in and resell travel services, such as accommodation, excursions, and transport. Instead of applying VAT rules to each individual service, TOMS simplifies things by taxing your profit margin—the difference between the selling price and the cost of sales. At ABM Orkney, we take the time to explain this concept in a way that’s easy to understand, ensuring you’re not left guessing how it applies to your business. Read more here https://buff.ly/4fAOtSz #ABMOrkney #HMRC #TOMS #VAT

Attention #Caribbean #airports #civilaviation authorities #airnavigation service providers, #tourism authorities, #tax authorities, #governments! IATA is hosting a pivotal webinar that delves into the complexities of Taxes, Fees, and Charges (TFCs). This is your opportunity to listen to industry experts on harmonizing TFCs to global standards thus overcoming the challenges of last-minute implementations and non-standard exemptions that disrupt airline systems and operations. Discover best practices, align with international norms, and streamline processes for efficient TFC collection. 📅 Register today and be part of the conversation towards progress!

WestJet “Other ATC” Fees: What The Tax? WestJet charges “Other ATC” fees on many of their routes and these fees can erode the expected value of your next WestJet Rewards booking or WestJet companion voucher redemption. Click to learn what Other ATC fees encompass and how can you avoid them on your next booking. #WestJet #OtherATC #WestJetRewards #FrugalFlyer #CompanionVoucher

What Is TOMS? In its simplest form, TOMS is a VAT scheme designed for businesses that buy in and resell travel services, such as accommodation, excursions, and transport. Instead of applying VAT rules to each individual service, TOMS simplifies things by taxing your profit margin—the difference between the selling price and the cost of sales. At ABM Orkney, we take the time to explain this concept in a way that’s easy to understand, ensuring you’re not left guessing how it applies to your business. Read more here https://buff.ly/4fAOtSz #ABMOrkney #HMRC #TOMS #VAT

STATE BODIES FALLING OVER THEMSELVES TO SCREW UP IRELAND INC. Bad enough that Fingal County Council (FCC) imposed a limit on the number of people who could fly out of Dublin Airport because they worried about the number of people who could drive there. Bad enough that the DAA sat on it's hands for years, boating about the fantastic growth in passenger numbers, before realising that they were about to breach the FCC imposed limits. Too late then, to be engaging with our slothful planning process to get some headroom. Now another state body - The Irish Aviation Authority (IAA) - yet another quango that is involved in allocating landing and take-off slot limits has joined the (public sector) party with a reduction in allowed flight slots for summer 2026. Enormous projects like this must be handled by the public sector. But if you want a job screwed up, there are no better qualified people to do it. This mess, like so many other major cock-ups, is the natural working out of leaving a dysfunctional, disorganised and disjointed public sector to run itself. State bodies protect themselves, do not engage in any meangingful way with other state bodies and only focus on their own patch. They obstruct change and improvement, in favour of comfort and an easy life and, as can be seen from the Dublin Airport mess, they are a negative influence on Irish business and commerce. We desperately need a public service that sees itself and being paid to serve the public and not themselves. We also need politicians who see public sector workers as people employed to do a job - and do it properly - rather than a voting block to be pandered to. We do have a Minister for Public Sector Reform. Public sector reform? Has anyone noticed any? JOHN GALLIGAN TRAVEL - This Dublin Airport mess is only one expample of what is rotten in our public sector delivery. Tax payers of Ireland deserve better value for money.

Are your Ducks in a row when it comes to Aircraft Registry? Did you get tax advice on your aircraft structure? Or did your lawyer and tax counsel just opt for the same solution they proposed for their last client? Do you have free circulation in Europe? Do you have free circulation and ability to charter? Are your pilots qualifications suitable? How about your flights to UK London Farnborough ? Or or to Manchester? Biggin Hill? And internal UK flights? What about that Paris Nice Trip? What about benefit in kind tax and VAT? It’s not binary there’s the Irish option, a full transparent honest EU solution. You are spending a lot on professional services? Make sure your advisor is working not just recycling ♻️ last years knowledge. Did you ask them about the Irish Solution ☘️? If you want the answers all will be revealed at the Irish Business & General Aviation Association (IBGAA) Conference in a few hours. #Registration #tax #Aircraftregistry #Ireland #Irish #IE #Businessaviation Dr