Hi All
I wonder if someone could point me to any legislation or HMRC guidance on what the VAT threshold is where a business has mixed supplies and one of them is a tour operator margin scheme supply.
I've always been under the impression that if my non-TOMS supplies were £60k of turnover (not deducting costs of course) and my tour operator margin scheme supplies were £20k (turnover less direct expenses of the toms supply) that I would have £80k of turnover to assess against the threshold.
However, my client has said clearly that because she's selling mixed supplies, we have to look at turnover only.
For the life of me, I cannot find anything that refers remotely to what she's talking about.
Anyone any ideas of where this is written?
Thanks guys
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