VAT and the City: Banking, Finance and Insurance 6th ed

Wildy's Book of the Month - November 2007

VAT and the City: Banking, Finance and Insurance is an essential book that describes how VAT affects transactions in banking, finance, securities, investment, insurance and commodities. It gives an insight into the problems and implications of these highly specialist areas and indicates how component parts of the industries are affected and how they should approach the handling of their VAT affairs.

The amounts of potential VAT input tax that are liable in the financial sector are huge. Financial sector businesses are still predominantly VAT-exempt and the prime concern is with the recovery of input VAT. But businesses are now much more aware of the impact of VAT and are more inclined than they were to mitigate its effect. VAT and the City: Banking, Finance and Insurance is packed with sound tax planning advice and information on VAT in the financial sector.

It is both practical and encyclopaedic, making full reference to HMRC practice and the evolving domestic and European case law and gives some very wise advice on planning.