What is insurance for the purposes of the exemption?: purpose and outline of VATINS2000
VATINS2000 will help you to decide whether an exempt supply of insurance has taken place. It does not cover supplies of insurance related services - these are covered in VATINS5000.
In particular, this section will cover:
- what is ‘insurance’?;
- supplies by block policyholders;
- the regulation of insurance;
- non-permitted insurers; and
- when supplies described as ‘insurance’ are not exempt.