VATINS3410 - Types of Insurance: Run off Services: Registration of companies in run-off
Although in some cases no new business is being underwritten, as mentioned above “additionalâ€� premiums may still be receivable - often for some months or even years. »Ê¹ÚÌåÓýapp VAT liability of such premiums will follow that of the original supplies of insurance. Where these attract input tax recovery the insurer will remain registered. This may be on a voluntary basis if the taxable premiums do not exceed the registration threshold.
Information on the calculation of VAT recovery in respect of run-off services can be found in .