This second edition of VAT and Financial Services takes the reader through the relevant UK legislation and case law, the legal concepts (such as time and place of supply), the distinction between goods and services, what is taxable, and the interaction of these elements. Further, the book examines the consequences of outsourcing (through a detailed study of 10 significant cases), looks at the key issues facing UK financial services and insurance, and then discusses the VAT cost sharing exemption. Since the publication of first edition, there have been significant developments in the area of...