- HMRC updated VAT Notice 701/36 on Insurance.
- The notice explains VAT liability for insurance transactions and related services.
- Paragraph 3.7.2, covering VAT treatment of guarantees and warranties, has been updated.
Source: claritaxnews.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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