UK Tribunal Clarifies VAT Deductions for Insurance Intermediary Services

• UK Tax Tribunal ruled on VAT assessment for insurance intermediary services.
• Taxpayer appealed Tax Agency’s decision on VAT liability for services to a Gibraltar insurer.
• Taxpayer argued that VAT amendment was incompatible with EU Principal VAT Directive.
• Tax Agency argued that amendment was compatible with the PVD.

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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