VAT Clarity for the Insurance Sector

Exempt premiums, complex transactions, we untangle VAT for insurers and intermediaries

Speak to an Insurance VAT Specialist

Navigating VAT in insurance isn’t always straightforward. Many insurance services and premiums are VAT-exempt, making input-tax recovery tricky - especially when services span claims handling, broking, or reinsurance. At The VAT Consultancy, we support insurers, brokers, claims managers and intermediaries in understanding their VAT exposure. We help minimise risk, ensure proper accounting across exempt and specified supplies, and streamline compliance, so you can focus on what you do best.

Insurance Sector VAT Services

Ad hoc UK and Global Advisory

Interim and Part Time VAT resource for projects and short term staff absence

Customs Duty and Excise Duty

VAT Risk Management and Control

VAT and Customs Duty Training

UK and Global VAT and Customs Duty Compliance

ERP Systems and Tax Engines

Cost Reduction and VAT Cashflow Management

VAT Consultants who know Insurance

The VAT Consultancy presents a specialised hub for Value Added Tax (VAT) consultancy, meticulously crafted to address the unique needs of the insurance sector. In today’s interconnected global insurance environment, grappling with the nuances of VAT can feel overwhelming. However, The VAT Consultancy stands ready to furnish you with expert VAT counsel, empowering you to deftly navigate through these intricate waters.

At The VAT Consultancy, we understand the intricacies of your industry and are dedicated to providing tailored VAT advisory services specifically designed for insurance providers, brokers, and other entities within the insurance sector.

Our aim is to unravel the intricacies of VAT, ensuring your adherence to regulations and assisting you in effectively managing VAT expenses.

TYPICAL AREAS WE OFFER ADVICE ON ENCOMPASS;
  • Assessment of VAT liability on revenue streams and costs – determining whether your revenue qualifies for exemption or is subject to taxation.
  • Insurance Brokers – Are you functioning as a VAT-exempt insurance intermediary, or are you offering advisory services?
  • Outsourcing – Are you offering outsourced intermediary services that are exempt from VAT, or are you providing taxable back-office administrative services?
  • Loss adjusters and claims handlers – Analysing bundled and unbundled/mixed supplies with varying VAT rates compared to a single supply that may be taxable or exempt.
  • Partial exemption – Standard method adjustments and considerations for special methods – Is it advisable for the business to adopt one?
  • Insurance provided with goods

TALK TO OUR VAT EXPERTS

Julie Park

Managing Director
– VAT and Customs Duty
M: +44 781 400 4236
T: +44 207 486 0111
EMAIL JULIE

Head off any VAT Risks with our specialist VAT and customs duty advisory services

Our teams of dedicated VAT specialists is committed to helping businesses navigate the complexity of global VAT and customs duty legislation.

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We recruit experienced VAT professionals who’ve worked at HMRC, within the Big Four, and in industry roles both in the UK and overseas.

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The VAT Consultancy are leading VAT and Customs Duty consultants in the UK. We provide tax and VAT advice, working with clients all over the UK and Internationally. Established in 1991, we are the country’s leading independent dedicated VAT and customs duty practice, giving best advice on all aspects of UK and international indirect tax matters.

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