HMRC has published guidance to help businesses and tax professionals identify the correct VAT treatment rules for insurance services under the Principal VAT Directive and corresponding UK VAT legislation. The guidance cross-references the relevant sections of the former EC Sixth Directive with current UK VAT law to ensure consistent application of VAT rules to insurance transactions. This resource assists traders in determining their VAT obligations and the appropriate VAT treatment that applies to different types of insurance activities and supplies.
Source: HMRC (GOV.UK) – Read the original