Agency and services of intermediary

Exemption

Outside scope/exemption with right of recovery/zero-rating

Arbitration services

Automated telling machines (ATMs)

Bank accounts, access orders

Bank notes

Bank notes, payments received for issue through ATMs to customers of other banks

Banks generally

Generally

Partial exemption

Bills of exchange and notes or orders for payment of money

Block discounting

Carriage of money from one branch to another

Cash collection and checking and change services

Cash-point machine replenishment

Clearing and settlement

Coins

Confirming houses

Consortium for syndicated loans

Credit and charge card companies

Credit card bank, securitisation and assignment of receivables

Credit management

Current accounts

Debt (re)negotiation services

Debt collection and factoring

Debt sales

Deferred payments

Deposits, loans and overdrafts

E-banking

Equipment leasing and rental

Face-value vouchers

Factoring of debts

Finance

Generally

Partial exemption

Risk control and other services

Finance houses

Generally

Partial exemption

Sale of repossessed goods

Financial guarantees and bonds

Foreign exchange

Forfaiting

Forward rate agreements

Generally

Imported services

Instalment credit finance and credit provided free

Interest rate and currency rate swaps

Interest-free finance

Islamic finance

Monetary financial services

Exemption

Outside scope/exemption with right of recovery/zero-rating

Relevant legislation

Standard-rating

VAT liability generally

VAT treatment

Money brokerage

Non-monetary financial services

Exemption

Outside scope/exemption with right of recovery/zero-rating

Standard-rating

VAT liability generally

VAT treatment

Non-resident banks, interest payments

Outsourcing

– see Outsourcing

Pawnbroking

Pension fund management

Production of special cheques and credit slip forms

Search agencies

Secured loans and securities for money

Securities dealing

Securitisation

Sterling commercial paper and Euronotes

Supply of services within same legal entity and liability of transactions

Third party support services

Travellers cheques

VAT liability generally