General introduction and the law: purpose of VATINS1000
This section provides a background to insurance and identifies the law relating to it. It will help by:
- identifying the appropriate parts of the EC Sixth Directive, now the Principal VAT Directive and UK VAT Law, thus establishing the legal basis to support your liability decisions;
- including relevant background information to help clarify the law and put it in a practical context;
- working through the basic steps in determining the liability of a supply of insurance; and
- linking with more detailed guidance on the key issues.