Banking & Finance

Content on Banking and Finance :

  • Securities Trading

    One of the most critical VAT issues regarding the on-line trading in securities is ascertaining where the supply has taken place. This may not always be easy to determine as trading may have taken place via a chain of brokers or intermediaries. The UK has an “easement” rule depending upon whether the place of the [...]

  • VAT implications of On-line Banking products

    It is possible to reduce irrecoverable VAT costs for a banking products organisation by structuring an on-line arrangement whereby the service provider is based in a non-EU country. The service provider can make exempt financial supplies to customers in the UK. The services going out to the non-EU service provider (e.g. telecom or software costs) [...]

  • VAT implications of On-line Loans

    Offering of credit via the Internet is becoming increasingly popular. The Internet lends itself particularly well to sourcing the best deals for personal loans, mortgages, credit cards and other sources of finance for the consumer. Often, on-line middlemen, who search and maintain a database of the cheapest and best deals available, provide these services. The VAT [...]