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HMRC internal manual

VAT Finance Manual

Money (including transfer of money) and related services: purpose of VATFIN2000

VATFIN2000 looks at ‘money’ as generally understood by the term, i.e. as legal tender. UK law (see VATFIN2110) also refers to ‘securities for money‘: these are dealt with in VATFIN2800).

The purpose of these sections is to enable you to determine when a money related service would fall within the exemption, and when it would not. These sections look at the following:

  • legal provisions (see VATFIN2110)
  • basic principles (see VATFIN2210)
  • interpreting item 1 (see VATFIN2200)
  • examples of services falling within item 1 (see VATFIN2300)
  • examples of services not falling within item 1 (see VATFIN2400)
  • outsourcing (see VATFIN2500)
  • Automated Teller Machines (‘ATMs’) (see VATFIN2600) (except the provision of an ATM and software - see VATFIN2120); and
  • foreign exchange (For Ex) (see VATFIN2700).

VATFIN2120 lists topics only covered in VAT Notice 701/49 Finance.

For questions concerning gold please see VGOLD and VAT Notice 701/21 Gold and for investment gold coins please see VAT Notice 701/21A Investment gold coins.