Money (including transfer of money) and related services: foreign exchange (forex): general
The City of London is by far the largest forex trading centre in the world, handling around one third of the global trading in forex. Those involved in the forex markets will be taking a view on the future movement of currency rates.
These sections will assist you:
- to identify the different types of businesses places that might be involved in forex transactions;
- by explaining how forex transactions are conducted;
- to determine whether there is a supply and the liability of that supply; and
- in determining partial exemption and input tax issues.