Paul Connolly from Chiltern plc gives an overview of VAT issues for insurers
Paul Connolly from Chiltern plc gives an overview of VAT issues for insurers
The provision of insurance and certain other related activities qualify for exemption from VAT by virtue of EC Sixth VAT Directive Article 13.B(a). This is implemented in UK domestic legislation by VATA 1994 Schedule 9 Group 2.
This treatment raises a number of points and issues; for the purpose of this article I have limited consideration of them to the three mentioned below.
● What should be regarded as 'insurance' from the perspective of VAT?
● The scope of the exemption in respect of related activities such as those of...
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Paul Connolly from Chiltern plc gives an overview of VAT issues for insurers
Paul Connolly from Chiltern plc gives an overview of VAT issues for insurers
The provision of insurance and certain other related activities qualify for exemption from VAT by virtue of EC Sixth VAT Directive Article 13.B(a). This is implemented in UK domestic legislation by VATA 1994 Schedule 9 Group 2.
This treatment raises a number of points and issues; for the purpose of this article I have limited consideration of them to the three mentioned below.
● What should be regarded as 'insurance' from the perspective of VAT?
● The scope of the exemption in respect of related activities such as those of...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
