This was an appeal against decisions of HMRC that the appellant made supplies that were liable to VAT at the standard rate and should have been registered for VAT with effect from 1 June 2009. â¯
The issue before the First-tier Tribunal (FTT) was whether the supplies made by the appellant were exempt supplies of insurance. The two issues before the tribunal were the supplies provided by the appellant to its customers insurance transactions pertaining to the termination of the insurance contract and if they were not, were they services performed by an insurance broker, agent or intermediary that were related to insurance transactions?
â¯The appellant’s position was that its terms and conditions gave it delegated authority to act on behalf of clients to terminate inappropriate insurance, thereby voiding the policy and to claim a refund of the premium.â¯
