The Value Added Tax (Tour Operators) (Amendment) Order 1995
This Order varies, with effect from 1st January 1996, the Value Added Tax (Tour Operators) Order 1987 (“the principal Order” ). The principal Order gives effect to the requirement under Article 26 of Council Directive 77/388/EEC (OJ No. L145, 13.7.77, p.1) (“the Sixth VAT Directive” ) to provide a scheme under which tour operators account for VAT on the difference between the VAT-inclusive purchase price and the selling price of their services (“the margin”).