VAT on commission (life Insurance)

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A client of mine is an agent for a well known agency who provide Life Insurance.

His income is based on commission (different % commission based on client).  Is his income Vatable or Exempt?

Reading online it seems it would be Exempt..  Any feedback would be highly appreciated.

 

Thanks

 

 

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chips_at_mattersey
By Les Howard
17th Apr 2018 16:14

Legislation and guidance now refers to the services of insurance intermediaries, which are VAT exempt.
See chapter 9 in the HMRC notice: https://www.gov.uk/guidance/insurance-notice-70136#insurance-brokers

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