- HMRC published RCB 6 (2025) on VAT input tax recovery for insurance intermediary services supplied outside the UK.
- Following the Hastings Insurance Services Ltd case, HMRC accepts that intermediaries can rely on EU law to recover input tax incurred before 1 January 2024, regardless of the insured party’s location.
- From 1 January 2024, due to the Retained EU Law (Revocation and Reform) Act 2023, direct effect of EU law can no longer be relied upon for VAT recovery.
- UK VAT law will continue to be interpreted as before, except without the direct effect of EU law.
- Insurance intermediaries are advised to review and claim any under-recovered input tax for periods before 1 January 2024.
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.
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