HMRC has published Revenue & Customs Brief 13/2013, VAT: Loss-adjusting services for marine and aviation insurance claims.
HMRC has published Revenue & Customs Brief 13/2013, VAT: Loss-adjusting services for marine and aviation insurance claims. While loss-adjusting services supplied in the UK should always be standard-rated, HMRC will not seek VAT on past supplies if businesses have applied the zero rate to loss-adjusting services relating to ‘qualifying’ ships or aircraft where these services also involved a physical inspection. From 1 September 2013, HMRC will require all businesses to account for VAT on such services. This brief acknowledges that HMRC’s existing guidance was misleading about services which required a physical inspection to be carried out.
HMRC has published Revenue & Customs Brief 13/2013, VAT: Loss-adjusting services for marine and aviation insurance claims.
HMRC has published Revenue & Customs Brief 13/2013, VAT: Loss-adjusting services for marine and aviation insurance claims. While loss-adjusting services supplied in the UK should always be standard-rated, HMRC will not seek VAT on past supplies if businesses have applied the zero rate to loss-adjusting services relating to ‘qualifying’ ships or aircraft where these services also involved a physical inspection. From 1 September 2013, HMRC will require all businesses to account for VAT on such services. This brief acknowledges that HMRC’s existing guidance was misleading about services which required a physical inspection to be carried out.
