Agency and services of intermediary

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

Automated telling machines (ATMs)

Bank accounts, access orders

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

Carriage of money from one branch to another

Credit and charge card companies

Credit card bank, securitisation and assignment of receivables

E-banking

Equipment leasing and rental

Generally

Monetary financial services

Exemption

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

Relevant legislation

Standard-rating

VAT liability generally

VAT treatment

Non-monetary financial services

VAT liability generally

VAT treatment

Non-resident banks, interest payments

Outsourcing

– see Outsourcing

Production of special cheques and credit slip forms

Supply of services within same legal entity and liability of transactions

Third party support services

VAT liability generally