VAT / TOMS
Tour Operator Margin Scheme · VAT charged on margin, not on gross sales
VAT collected this quarter
€14,436
+8.4%vs Q1 2026
Taxable margin (Q2)
€68,740
37.3% margin on €184,200 net
Effective VAT rate
7.8%
of net sales · 21% on margin
Next filing due
20 Jul
Q2 2026 · 47 days
VAT scheme configuration
How VAT is calculated and reported for this tenant
ESSpain21%Place of supply
FRFrance—Margin scheme · no local reg
ITItaly—Margin scheme · no local reg
Margin calculation
Under TOMS, VAT applies to your margin — not the full sale price
Sale price
€95
−
Supplier cost
€61
=
Margin
€34
VAT @ 21% applied to margin€34×21%=€7
Per booking on Montserrat Tapas & Wine. The full €95 is never the VAT base — only the €34 you keep after bought-in services.
VAT on margin
Current quarter · Apr–Jun 2026
VAT return preview
Margin-scheme liability by reporting period
| Period | Net sales | Margin | VAT due | Status |
|---|---|---|---|---|
| Q2 2026 (Apr–Jun) | €184,200 | €68,740 | €14,436 | Draft |
| Q1 2026 (Jan–Mar) | €132,400 | €49,180 | €10,328 | Open |
| Q4 2025 (Oct–Dec) | €156,800 | €58,020 | €12,184 | Processed |
| Q3 2025 (Jul–Sep) | €241,500 | €92,110 | €19,343 | Processed |
| Q2 2025 (Apr–Jun) | €178,900 | €64,880 | €13,625 | Processed |
Every figure ties back to a per-transaction audit trail. Each booking line records its sale price, bought-in supplier cost, computed margin and VAT — so any return total can be drilled down to source for inspection or filing.