VATINS2500 | What is insurance for the purposes of the exemption?: the regulation of insurance: contents

The following pages (VATINS2505, VATINS2510, VATINS2520 and VATINS2530) provide some background information of insurance regulation. However, it should be noted that just because an insurer is regulated, this does not automatically mean that your business activities will fall within the exemption. Equally, as per the decision in CPP, a taxable person may be carrying out activities that fall within the exemption although they are not regulated. For the purposes of the exemption, business activities must include the essential characteristics of an insurance transaction (please see VATINS2110 for further detail).