The decision was made in a ruling on the liability of back-office services provided by Accenture Insurance Services to Royal Nederland Verzekeringasgrope, a Dutch subsidiary of the insurance group Allianz.
According to the judgement, these activities "do not constitute the performance of services relating to insurance transactions carried out by an insurance broker or an insurance agent" and should not be exempt from VAT.
Insurers have been able to avoid paying VAT on services such as claims management or independent engineers’ inspections by giving outsourced providers ‘delegated authority’ to handle business without reference to the insurer.
If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.
Comment as guest
Comments
No comments have been made yet.