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HMRC internal manual

VAT Insurance

From
HM Revenue & Customs
Updated
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General introduction and the law: legal notes to Group 2: Legal Note 2 - acting in a intermediary capacity

  1. For the purposes of item 4 an insurance broker or insurance agent is acting “in an intermediary capacity” wherever he is acting as an intermediary, or one of the intermediaries, between -

  2. a person who provides insurance or reinsurance and
  3. a person who is or may be seeking insurance or reinsurance or is an insured person.

This note defines what is meant by acting in an intermediary capacity in item 4(b) - see VATINS1240 ‘Insurer’ covers a person providing insurance or reinsurance and ‘insured’ is a person who is insured or is seeking insurance. VATINS5220 refers.