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An update on VAT exemptions for outsourcing in the UK financial services sector

15 September 2010

For those involved on the customer and supply side in outsourcing in the UK financial services and insurance sectors, VAT remains a live issue, particularly with the recently announced increase in the VAT rate.  Keeping up to date with the rules on VAT exemption is vital, as getting things wrong can have a major impact on the pricing of an outsourcing project or even the bottom line of a customer or supplier.  The EU has been undertaking a major rewrite of the law in this area which, once finally agreed, will shape the availability of the VAT financial services exemptions for years to come.
 
Our seminar will provide a clear and business-focused explanation of the latest developments in this area, and will cover:

  • an introduction to, and overview of, the rules and the current main VAT exemptions in the financial services sector
  • why the rules need to be rewritten
  • a summary of how the rules are likely to change
  • an update on recent significant case law and its practical impact
  • what these changes and case law will mean for the outsourcing sector

This seminar will be of interest to the financial, commercial, procurement and legal teams of both financial services institutions and outsourcing providers.

 

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Mark Lewis

BLP
Partner, Commercial & Outsourcing

If you need some help with a legal or business issue, please get in touch.