Commentary

RCB/69/07 VAT—the decision of the tribinal in InsuranceWide.com Services Ltd

Part V16 Forms and other HMRC material

RCB/69/07 VAT—the decision of the tribinal in InsuranceWide.com Services Ltd

RCB/69/07 VAT—the decision of the tribinal in InsuranceWide.com Services Ltd

Revenue & Customs Brief, Issue 69. 19 November 2007

This Revenue and Customs Brief concerns the VAT treatment of insurance introductory services following the VAT tribunal decision in InsuranceWide.com Services Ltd (InsuranceWide). The tribunal found that certain internet services provided to insurers and brokers in connection with the arranging of insurance policies do not fall within the exemption for insurance-related services provided by insurance brokers and agents and are liable to VAT at the standard rate.

Background

InsuranceWide provides an online comparison website service, putting potential customers in touch with insurers via a click-through from its website to that of an insurer or insurance broker. It receives commission from the insurers based on the number of contracts that result from the introductions. Over the years, the services provided by InsuranceWide have changed as technology has developed.

In 2002 InsuranceWide introduced a system known as the InsuranceWide Wizard which automated the selection process by obtaining and recording the essential information required by insurers and applying that information to guide each prospective customer

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial