VAT for financial services: The basics
3rd April 2024
For financial services businesses, understanding the VAT rules is crucial for maintaining compliance and optimising tax efficiency. Dougie Todd, Partner and Co-Head of VAT, explains the basics of VAT for the Financial Services sector.
Watch the video to understand:
- The impact of VAT on the sector
- VAT recovery
- Partial exemptions, direct attribution and residual costs
You can view the additional videos in this four-part series below:
- Making and receiving international supplies
- VAT position of UK fund managers
- VAT position of financial intermediaries
For further advice and assistance with your VAT obligations, contact Dougie Todd.
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