VAT and Financial Services (Paperback, Fourth Edition)

About the author
Acknowledgements
Contents
Tables of authorities
1. Introduction
1.1. Introduction to the first edition, September 2012
1.2. Introduction to the second edition, June 2015
1.3. Introduction to the third edition, March 2017
1.4. Introduction to the fourth edition, June 2022
2. Financial Services
2.1. Introduction
2.2. Money and money-related services
2.3. Securities
2.4. Investment funds and wrappers
2.5. Derivatives
2.6. Intermediary services
2.7. Supplies relating to the provision of credit
2.8. Debts and related services
2.9. Islamic finance
2.10. Standard rated services
2.11. Investment gold
3. Insurance
3.1. Introduction
3.2. General (non-life) insurance
3.3. Life assurance
3.4. Friendly Societies
3.6. Lloyd's
3.7. Insurance claims
3.8. Insurers in 'run off'
3.9. Other types of insurance
3.10. Insurance Premium Tax (IPT)
4. Outsourcing
4.1. Introduction
4.2. Sparekassernes Datacenter (SDC) v Skatteministeriet (Case C- 2/95) [1997] STC 932
4.3. C&E Commrs v Civil Service Motoring Association [1998] STC 111
4.4. C&E Commrs v CSC Financial Services Limited (formerly Continuum (Europe) Limited) (Case C–235/00) [2002] STC 57
4.5. C & E Commrs v FDR Ltd [2000] STC 672
4.6. C & E Commrs v Electronic Data Systems Ltd [2003] STC 688
4.7. Century Life plc v C&E Commrs [2000] STC 276
4.8. Försäkringsaktiebolaget Skandia (Case C – 240/99) STC 754
4.9. C & V (Advice Line) Services Ltd v C & E Comrs (2001) (17310)
4.10. Staatssecretaris van Financiën v Arthur Andersen & Co Accountants cs (Case C-472/03) [2005] STC 508
4.11. JCM Beheer BV v Staatssecretaris van Financien (Case C-124/07) [2008] STC 3360
4.12. Aspiro (formerly BRE Ubezpieczenia Sp. z o.o.) v Minister Finansów (Case C – 40/15)
5. Input Tax and VAT recovery
5.1. Introduction
5.2. Definition of input tax
5.3. Who can recover input tax
5.4. Blocked input tax
5.5. Purchases from overseas suppliers
5.6. Partial exemption
5.7. Capital goods scheme
5.8. Recovery of VAT incurred in the EU
6. Legislation, Case Law and Appeals
6.1. Introduction
6.2. EU legislation
6.3. Primacy of EU Directives over national legislation and European Union (Withdrawal) Act 2018
6.4. UK legislation
6.5. Appeals
6.6. Legislation relevant to the financial services and insurance sectors
7. VAT supply and liabilities
7.1. Meaning of supply
7.2. Supply of goods
7.3. Supply of services
7.4. Supply of neither goods nor services
7.5. Place of supply
7.6. Time of supply
7.7. Taxable supplies
7.8. Exempt supplies
7.9. Outside the scope supplies
7.10. Reverse charge

Appendices

Appendix A – Contracts of Insurance
Appendix B – Lloyd's VAT Arrangements
Appendix C – Extract from 'HMRC ABI Partial Exemption Guidance for the Insurance Sector'
Appendix D – Transfers of business as a Going Concern – Legal Extracts
Appendix E – EU member states as at 1 January 2021
Appendix F – Terminal markets listed in VAT (Terminal Markets) Order 1973 (as amended)

Index