Insurance supplied as part of a single supply with other goods or services
VAT treatmentExempt if insurance is the principal element of the supply
What this means for your business
- Charging VAT
- The VAT treatment depends on the specific circumstances of the supply, as described above.
- Reclaiming VAT
- Input tax recovery will depend on which VAT treatment applies to your circumstances — check the notes above or the official guidance below.
Official guidanceVAT Notice 701/36 (opens in a new tab)