Agency and services of intermediary

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

Commentary – Indirect Tax Reporter ¶40-100(3) ; Indirect Tax Reporter ¶40-150(3)

Automated telling machines (ATMs)

Commentary – Indirect Tax Reporter ¶22-975 ; Indirect Tax Reporter ¶40-200(3)

Bank accounts, access orders

Commentary – Indirect Tax Reporter ¶59-510

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

Case Law – Royal Bank of Scotland Group plc. [2001] BVC 2,275 ; Royal Bank of Scotland plc v Customs and Excise Commissioners. [2002] BVC 389

Carriage of money from one branch to another

Case Law – Customs and Excise Commissioners v. Blackpool Pleasure Beach Company. (1974) 1 BVC 1,021

Credit and charge card companies

– see Credit and charge card companies

Credit card bank, securitisation and assignment of receivables

Case Law – Capital One Bank (Europe) plc. [2006] BVC 2,148 ; MBNA Europe Bank Ltd v Revenue and Customs Commissioners. [2007] BVC 3 ; MBNA Europe Bank Ltd. [2006] BVC 2,395

E-banking

– see Electronic banking, finance and insurance services

Equipment leasing and rental

– see Equipment leasing and rental

Generally

Commentary – Indirect Tax Reporter ¶40-005

Monetary financial services

Exemption

Commentary – Indirect Tax Reporter ¶40-100(1)

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

Commentary – Indirect Tax Reporter ¶40-100(3)

Relevant legislation

Commentary – Indirect Tax Reporter ¶40-100(1)

Standard-rating

Commentary – Indirect Tax Reporter ¶40-100(2)

VAT liability generally

Commentary – Indirect Tax Reporter ¶40-050
HMRC Guidance – Notice 718

VAT treatment

Commentary – Indirect Tax Reporter ¶40-090(1)

Non-monetary financial services

VAT liability generally

Commentary – Indirect Tax Reporter ¶40-050

VAT treatment

Commentary – Indirect Tax Reporter ¶40-090(2)

Non-resident banks, interest payments

Case Law – EC Commission v Belgium (Case C-383/10). [2013] BVC 218

Outsourcing

– see Outsourcing

Production of special cheques and credit slip forms

Case Law – National Westminster Bank plc. [2003] BVC 2,003

Supply of services within same legal entity and liability of transactions

Case Law – Ministero dell'Economia e delle Finanze, Agenzia delle Entrate v FCE Bank plc (Case C-210/04). [2009] BVC 692

Third party support services

Case Law – Barclays Bank plc. (1988) 3 BVC 692

VAT liability generally

Commentary – Indirect Tax Reporter ¶40-050