Directive

Article 135 [Exemption - financial services, postage stamps, betting, undeveloped property, letting of property]

Value Added Tax Consolidation Act 2010 Schedule 1 paragraph 8

Insurance and reinsurance services

Paragraph 8 of Schedule 1 exempts insurance and reinsurance transactions, and related services supplied by insurance brokers and agents, from VAT.

  • Insurance and reinsurance transactions are exempt from VAT.
  • Related services supplied by insurance brokers and insurance agents are also exempt.
  • Related services include collecting insurance premiums and selling insurance.
  • Claims handling and claims settlement services are included where the insurer has delegated authority to the agent and is bound by the agent's decision on claims.

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