- Taxpayer Background: WTGIL Ltd, an insurance intermediary, marketed telematics car insurance requiring device installation to monitor driving behavior, affecting premiums.
- Court Findings: The Court of Appeal upheld that the provision and fitting of telematics devices were preparatory for the insurance contract, constituting a single exempt supply of intermediary services.
- Non-Monetary Consideration Issue: The court did not address the valuation of non-monetary consideration raised in the Upper Tribunal’s decision, focusing instead on the overarching intermediary exemption.
Source KPMG
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