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HMRC internal manual

VAT Finance Manual

HM Revenue & Customs
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Money (including transfer of money) and related services: securities for money, credit guarantees and related services: purpose of VATFIN2800

VATFIN2800 looks at securities for money and credit guarantees and will assist you in determining when something is or is not a security for money or credit guarantee, the consideration received and the liability of the consideration.

This section does not deal with money as a form of legal tender or item 6 securities. For these issues see VATFIN2210 to VATFIN2280 for money and VATFIN2810 to VATFIN2870 for item 6 securities.

Topics not covered by these sections

The following topics are only covered in VAT Notice 701/49 Finance. You should read the relevant paragraphs for guidance on liability:

  • face value vouchers (paragraph 3.2);
  • travellers’ cheques (paragraph 3.4).