VAT appeal has unpleasant impact on VAT exemption availability to Insurance Business

An Upper Tribunal of UK has decided the matter in favor of HMRC in the case of, CLAIMS ADVISORY GROUP LIMITED Vs. THE COMMISSIONERS FOR HER MAJESTY’S REVENUE & CUSTOMS [2021] UKUT 0199 (TCC), thus by denied the VAT exemption for management companies operating on a “no-win no-fee” claims

Source Kadam Chokhawala

See also Roadtrip through ECJ Cases – Focus on ”Exemption – Insurance and reinsurance transactions, including related services performed by insurance brokers and insurance agents