VAT exemption for online insurance agents? Not so simples!

HMRC has lost an appeal against Trader Media Group and Insurancewide.com over the issue of VAT exemption for online insurance introductory services.

The Court of Appeal was unanimous in confirming that the services do qualify for VAT exemption.

Both websites introduce potential customers to insurers with a view to them purchasing an insurance policy and both receive commissions which are payable when a customer makes a purchase.

Continued...

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Comments

Time barred for VAT repayment claim

Anonymous | | Permalink

We have a client who, after a visit from HMRC,  had been assessed by them for output VAT that has now been proved to have not been due.  However, as the assessment was prior to April 2006, HMRC are denying their claim for a refund of the VAT that was incorrectly assessed.

Anyone else in this situation who could share their experience?

Thanks