Travel Agent's Margin Scheme (TAMS)
The TAMS is a Value-Added Tax (VAT) simplification measure for travel agents. It applies to certain services bought-in by a travel agent from third parties and sold as a package to a traveller, such as:
- tour guides.
The TAMS applies to travel agents (acting as principal) or undisclosed agents established in Ireland who supply travel packages to travellers.
The scheme affects the:
- place of supply of the service
- calculation of the taxable amount
- VAT that can be reclaimed.
Further guidance contains more detailed information on the TAMS. This guidance also contains information on a travel agent's intermediary services and in-house supplies.