In Riskstop Consulting v HMRC [2015] UKFTT 469 (1 October 2015) the FTT found that the provision of risk management surveys (and related services) to insurers was not an exempt supply of insurance services according to Principal VAT Directive art 135 and VATA 1994 Sch 9 group 2 item 4.
Riskstop provided risk management surveys to insurers. These were either: site surveys where the risk surveyor would visit the insured party’s business site; or questionnaire surveys. These surveys often generated ‘risk improvement requirements’. Riskstop was not involved in any claims process as its work was carried out when the insurance was taken on.
The issue was whether the questionnaire surveys and the provision of assistance in satisfying the risk improvement requirements were exempt insurance services. Riskstop contended that it was an insurance agent so that its services were exempt. HMRC however considered that...
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