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HMRC internal manual

VAT Finance Manual

HM Revenue & Customs
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Glossary of terms

Financial institutions, such as banks, building societies, finance houses, brokers etc, have a unique and sometimes bewildering number of terms not used outside of the finance industry to describe certain financial services and supplies. In section VATFIN9000 of this guidance you will find a glossary of terms that will assist you in dealing with businesses in the finance sector.