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Insurance provided with goods and services ― the basics

If insurance is provided with goods and services it is important to identify whether there is a single supply or more than one supply and in each case whether there is a supply of insurance. This is important because it will affect the VAT treatment of what is supplied. This guidance note is intended to help the reader identify:

1. •

   is there a single supply or more than one supply?

2. •

   if there is a single supply, is insurance the main element or an ancillary element of the supply?

3. •

   if there are two or more supplies, is insurance one of the supplies?

4. •

   if there is a supply of insurance,