ABI calls for delay over VAT for insurers
The Association of British Insurers is urging the tax authorities and Treasury to mitigate the impact of new VAT rules on outsourced insurance services by delaying their implementation and using their discretion not to penalise the customers of insurers.
The new rules follow a ruling by the European Court of Justice earlier this year, which means that many outsourced insurance services will no longer be exempt from VAT.Barbara Farndell, head of the
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