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HMRC internal manual

VAT Insurance

Services of an insurance intermediary: purpose and outline of VATINS5000

VATINS5000 covers the VAT treatment of supplies by insurance brokers and insurance agents. It specifically deals with Item 4 of Group 2, and gives interpretations and definitions of the terminology used in the legislation. It also considers the most important legal notes to Item 4 and their implications for liability. In particular it covers:

  • what is an insurance broker or agent for the purposes of Group 2;
  • what is meant by ‘acting in an intermediary capacity’;
  • what constitutes an insurance related service for the purposes of Group 2; and
  • the conditions that must be met for insurance to be exempt when sold with standard rated goods or services.