General introduction and law: Issues arising from the VAT Legislation: UK supplies of exempt insurance
When considering whether there is an exempt supply of insurance in the UK the initialquestions you will need to ask are:
- is the supply one of insurance (or reinsurance)? See VATINS2110, VATINS2200 and VATINS3210;
- who is receiving the supply of insurance? See VATINS2600
- is there a supply of effecting insurance by the holder of a block insurance policy? See VATINS2300; and
- where there is a supply of insurance (or effecting insurance) is it a part of a single supply including other services? See VATINS7200 and VATINS7300.