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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: intermediary services

It is important to establish where in the Group the supply is exempt because there may be an intermediary involved in a supply. You will see from VATFIN7250 of this guidance that intermediaries involved in an item 1 supply must undertake some preparatory work in order for their supply to be exempt. There is no such requirement for intermediaries involved in item 6 supplies.

For more information on the provision of intermediary services please read VATFIN7200.