Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

VAT Insurance

HM Revenue & Customs
, see all updates

Types of insurance: assurance

In practice there is no difference between insurance and assurance. Both offer benefits in the event of a specified risk occurring. ‘Assurance’, however, is a term normally used in connection with ‘lives’. Treatment for VAT purposes is exactly the same.