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HMRC internal manual

VAT Insurance

HM Revenue & Customs
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Types of Insurance: Run off Services: Registration of companies in run-off


Although in some cases no new business is being underwritten, as mentioned above “additional” premiums may still be receivable - often for some months or even years. The VAT liability of such premiums will follow that of the original supplies of insurance. Where these attract input tax recovery the insurer will remain registered. This may be on a voluntary basis if the taxable premiums do not exceed the registration threshold.

Information on the calculation of VAT recovery in respect of run-off services can be found in Notice 701/36 Insurance.