VAT – EXEMPT SUPPLIES -CREDIT and INSURANCE – Appellant provided an open market for the selling and buying by brokers of leads on potential customers for credit and insurance – did the Appellant’s supplies constitute negotiation of credit? – no – the supplies could not be characterised as the granting or the negotiation of credit, and had no link with the negotiation of credit – did the Appellant’s supplies amount to related services performed by an insurance agent or broker? – no – the Appellant was not an insurance broker or agent – the Appellants supplies had no close nexus with insurance transactions – Appeal dismissed.
Citations:
[2008] UKVAT V20904
Links:
Jurisdiction:
England and Wales
VAT
Updated: 07 August 2022; Ref: scu.301878