Financial services including the issue, transfer or receipt of, or dealing with money, securities for money or orders for the payment of money
VAT treatmentExempt
What this means for your business
- Charging VAT
- No VAT is charged because this supply is exempt.
- Reclaiming VAT
- VAT paid on costs directly related to this exempt supply cannot normally be reclaimed as input tax.
Official guidanceVAT Notice 701/49 (opens in a new tab)