Westinsure considers appeal after VAT ruling
Westinsure MD Norrie Erwin insisted that the broker network is now "considering an appeal" following a tax tribunal decision that networks must charge full UK VAT at 20%.
The broker network had previously maintained that, as it was providing the services of a broker, it was exempt from charging 20% VAT.
HMRC had challenged this and in 2011 issued a ruling that Westinsure should have been charging VAT since 2005.
And, following a review, the first tax tier tribunal has backed HMRC, ruling that the network was too far removed from individual insurance agreements and that its services were closer to support services.
In the aftermath of the decision, Mr Erwin told
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