VATINS1010 | General introduction and the law: purpose of VATINS1000

This section provides a background to insurance and identifies the law relating to it. It will help by:

· identifying the appropriate parts of VAT Law, thus establishing the legal basis to support your liability decisions;

· including relevant background information to help clarify the law and put it in a practical context;

· working through the basic steps in determining the liability of a supply of insurance; and

· linking with more detailed guidance on the key issues.