VAT Notice 701/49: finance

This notice explains the VAT liability of certain financial services in the UK.



This notice cancels and replaces Notice 701/49 Finance (January 2013). Details of any changes to the previous version can be found in paragraph 1.2 of this notice.

Published 30 January 2013
Last updated 27 February 2019 + show all updates
  1. The section 'What supplies are not considered exempt credit' has been updated with information on Personal Contract Purchase.

  2. An update has been made to the second bullet within Paragraph 4.4, What supplies are not considered exempt credit.

  3. First published.