Irish VAT Processing VAT on Ticket Margins.

Ticket margins can attract VAT in the Republic of Ireland. This is since the introduction of VAT for travel agents from 1st January 2010.

VAT is DUE if:

- The destination is within the EU.

VAT is NOT DUE if:

- The destination is outside the EU.

The VAT is calculated as the amount of VAT within the margin:

106.61 = excluding VAT

22.39 VAT=21% of 106.61

129.00 = Total margin including VAT

Ticket Commissions, as opposed to ticket margins, do not attract VAT in any situation.

Ticket Audit Data Extract is used as part of a monthly BSP return process. This is to obtain the total ticket margin for the period.

We have added the following Field Options to the Ticket Audit Data Extract:

The data will be obtained by linking the Major Destination ( obtained from the booking's transaction) through the Traveller Destinations, Country Codes and Area Codes (Master File Maintenance).

The Major Destination within the bookings transaction can be overridden by the user. It is essential that the Major Destination codes are set accurately for this purpose.

The Country Codes (Master File Maintenance) must be checked to ensure that Area Code 'EU' contains the appropriate Country Codes.

You will need to manually export the ticket audit data to a spreadsheet (Export to CSV) and apply a filter to Area Code = 'EU'. The margin for the 'EU' records will be totaled and the amount of VAT within the margin calculated as shown above.

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