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HMRC internal manual

VAT Finance Manual

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HM Revenue & Customs
Updated
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VAT Finance Manual: recent changes

Below are details of the amendments that were published on 8 February 2012(see the update index for all updates)

Page Details of update
   
VATFIN1540 Amended to reflect new place of supply rules.
VATFIN1560 Amended to reflect place of supply changes and Sch 5 withdrawal.
VATFIN2310 Reference added to the AXA case and its effects on the VAT treatment of outsourcing.
VATFIN2320 Reference added to the Everything Everywhere, Tierce Ladbooke and Derby SA case and their effect on the VAT treatment of payment handling services.
VATFIN2440 Section on the provision of internet payments services moved from VATFIN2300.
VATFIN2820 Reference added to the Kingfisher case and its effect on the redemption of a face value voucher for cash.
VATFIN2830 Reference added to the Velvet & Steel case and its effect on the VAT treatment of credit guarantees.
VATFIN3135 Reference added to the AXA case and its effects on the VAT treatment of outsourcing.
VATFIN3215 Reference added to the GFKL case and its effect on the sale of defaulted debts.
VATFIN3255 Reference added to the AXA case and its effects the scope of the debt collection exclusion; explanation of the HBOS case amended.
VATFIN3260 Reference added to the Paymex case and its effect insolvency practitioner services.
VATFIN4100 Section added on underwriting services. Reference to the VAT Notice 701/49 section on share underwriting and fees charged by stock exchanges deleted.
VATFIN4350 Amended to reflect new place of supply rules.
VATFIN4500 Reference added to the Skandinaviska Enskilda Banken case and its effect on the VAT treatment of underwriting services.
VATFIN4600 Reference added to the Nordea Pankki case and its effect on the VAT treatment of clearing and settlement services.
VATFIN5100 Reference added to the Wheels case and its effect on management services made to a defined benefit pension fund scheme.
VATFIN5700 Minimum age for pension withdrawals updated.
VATFIN5800 Page added on discretionary investment management services and the Deutsche Bank case.
VATFIN6100 Amended to reflect new place of supply rules.
VATFIN6150 Amended to reflect new place of supply rules.
VATFIN6300 Explanation added of the VAT treatment of exercising an Item 6 option.
VATFIN7100 Reference to specialist services deleted.
VATFIN7600 Page added on independent financial advisors.
VATFIN9000 Glossary updated.