M Macky Midfield Apr 21, 2011 #1 I have business insurance that covers my equipment and all liability, is this Vatable (can I claim back the VAT) or is it exempt.?
I have business insurance that covers my equipment and all liability, is this Vatable (can I claim back the VAT) or is it exempt.?
Bob Fleming Striker Apr 21, 2011 #2 Nope. Only certain types of engineering Insurance. Or business travel insurance. Otherwise just subject to Insurance Premium Tax at 6%.
Nope. Only certain types of engineering Insurance. Or business travel insurance. Otherwise just subject to Insurance Premium Tax at 6%.
Cee Jay Striker Apr 21, 2011 #5 Insurances exempt...not to be confused with IPT( as both that and VAT were the same rate at one point) which led to an assumption VAT was charged on insurance..
Insurances exempt...not to be confused with IPT( as both that and VAT were the same rate at one point) which led to an assumption VAT was charged on insurance..