9:36 AM, 12th August 2014, About 9 years ago 3
As I am frequently out of the country I have a single rental property under full management with a local agent. They previously arranged rent and legal protection cover for me through their block policy rather than as an individual.
As it was getting increasingly expensive I have sourced an alternative cover which is considerably cheaper and apparently equally as good.
I have only been charged Insurance Premium Tax on this, not VAT.
My query is why would my agent have charged VAT on the cover he provided?
I have tried the HMRC website but it’s too complex for me to be certain of my facts.
Any (simple) explanation appreciated.