VATPOSS13300 - Other services to non-UK customers (B2C): Banking and financial services - HMRC internal manual - GOV.UK
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
The rules in this paragraph relate only to place of supply. Many insurance and financial services (including banking) are exempt from VAT in the UK under the VAT Act 1994, Schedule 9, Groups
2 and 5. This paragraph includes all financial and insurance services, not only those which are exempt when supplied in the UK, but those that are taxable as well.
You will find detailed guidance on the interaction between place of supply, liability and deductibility of input tax in respect of international insurance and claims handling services in the
manual covering the liability of insurance.