The EU Special Scheme for Travel Agents: Complex Present but Desired Future – Options for Reform

In this article, the authors endeavour to present a critical review of the special EU VAT rules for travel services, the so-called Tour Operators Margin Scheme, in its legal business and economic context, from its origins to its present application throughout the European Union. The authors seek to identify the main problematic issues, to underline the need for urgent reform and to reflect on possible ways forward.