Skip to content
Solved
SearchBrowse
Sign in

Contents

Official guidance
VAT Finance Manual

VATFIN8000 · Islamic products

  • VATFIN8100 · Purpose of VATFIN8000
  • VATFIN8200 · Price plus
  • VATFIN8300 · Lease and lease plus purchase
  • VATFIN8400 · Shared ownership (diminishing musharaka)
  • VATFIN8500 · Agency (wakala)
  • VATFIN8600 · Current and savings accounts
  • VATFIN8720 · Intermediary services
  • VATFIN8740 · Transfers of a going concern
  • VATFIN8760 · Place of supply of services relating to land
  • VATFIN8780 · Partial exemption
  1. Islamic products: contents
  2. Islamic products: intermediary services

VATFIN8720 | Islamic products: intermediary services

From HM Revenue & Customs · VAT Finance Manual

The policy for determining whether someone is acting as an intermediary for the purposes of the finance exemption is set out in VATFIN7000.

Where someone introduces customers to products that do not involve financial services, for example transactions in land or property, the finance exemption for intermediaries will not apply and so any fees charged will be taxable at the standard rate of VAT.

PreviousNext
PrivacyTerms