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Financial intermediaries
HMRC Brief 59/09 issued on 21 September states:
'This Brief explains the HMRC position following the High Court judgment in Services Ltd and Trader Media Group Ltd (Case ref: CH /2007/APP/0806 & CH/2008/APP/0435).
'The High Court found against HMRC that supplies of insurance introductory services provided via the Internet are exempt from VAT. HMRC has been granted leave to appeal this decision to the Court of Appeal.
'The appeals of Insurancewide (IW) and Trader Media Group (TMG) concern the VAT liability of Internet “click thru” services and whether introductory services such as this that involve no intermediation of the contracts themselves qualify as exempt insurance intermediary services.
'The facts...

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