Insurance brokers and agents acting in an intermediary capacity

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 701/36 (opens in a new tab)

Related items in Insurance

Friendly society subscriptions for the provision of insuranceExempt
Insurance and reinsurance transactionsExempt
Insurance supplied as a separate element but with other goods or servicesExempt
Insurance supplied as part of a single supply with other goods or servicesVAT treatmentExempt if insurance is the principal element of the supply

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Disclaimer

This website is not affiliated with HMRC or the UK government. The information provided is for reference only and should not be considered professional tax advice. Always consult official HMRC guidance or a qualified tax professional.

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