Court of Appeal Rules Ingenie’s Black Box Insurance Services as VAT-Exempt Insurance Intermediation

• WTGIL Limited provided black box insurance to young drivers.
• Agreements were made with insurers and policies were marketed online.
• Ageas Retail Limited administered the policies.
• Policyholders used telematics devices to monitor driving and adjust premiums.
• Ingenie claimed VAT recovery on device purchases, which HMRC rejected.
• HMRC argued Ingenie provided exempt insurance intermediation services.
• The Upper Tribunal found no taxable supply for consideration.
• The Court of Appeal ruled Ingenie made exempt insurance intermediation supplies.
• Ingenie’s appeal was dismissed, but for different reasons than previous tribunals.

Source: taxscape.deloitte.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.