VATFIN2100 | Money (including transfer of money) and related services: purpose of VATFIN2000

VATFIN2000 looks at ‘money’ as generally understood by the term, i.e. as legal tender. UK law (see VATFIN2110) also refers to ‘securities for money‘: these are dealt with in VATFIN2800).

The purpose of these sections is to enable you to determine when a money related service would fall within the exemption, and when it would not. These sections look at the following:

• legal provisions (see VATFIN2110)

• basic principles (see VATFIN2210)

• interpreting item 1 (see VATFIN2200)

• examples of services falling within item 1 (see VATFIN2300)

• examples of services not falling within item 1 (see VATFIN2400)

• outsourcing (see VATFIN2500)

• Automated Teller Machines (‘ATMs’) (see VATFIN2600) (except the provision of an ATM and software - see VATFIN2120); and

• foreign exchange (For Ex) (see VATFIN2700).

VATFIN2120 lists topics only covered in VAT Notice 701/49 Finance.

For questions concerning gold please see VGOLD and VAT Notice 701/21 Gold and for investment gold coins please see VAT Notice 701/21A Investment gold coins.