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VAT: Insurance

Treasury written question – answered on 8th June 2011.

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Photo of Laurence Robertson Laurence Robertson Chair, Northern Ireland Affairs Committee

To ask the Chancellor of the Exchequer what discussions he has had with his EU counterparts on the future of the exemption from value added tax for outsourced insurance-related services in the UK; and if he will make a statement.

Photo of David Gauke David Gauke The Exchequer Secretary

holding answer 3 May 2011

Discussions concerning an EU Commission Proposal that would modernise the VAT exemption for financial and insurance services have taken place at the Council of Ministers Working Party level for several years and are continuing under the Hungarian presidency. These have included the issue of the VAT treatment of outsourcing in the insurance sector. The matter was discussed by Ministers as part of an overall orientation debate on the dossier at the November 2010 ECOFIN.

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