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Home / De-Voil / Part V4 Exemption, zero-rating and reduced rates / Division V4.1 Exemption / Finance / V4.136C Exemption for finance—instalment credit finance, administrative arrangements and related intermediary services
Commentary

V4.136C Exemption for finance—instalment credit finance, administrative arrangements and related intermediary services


Part V4 Exemption, zero-rating and reduced rates

VATA 1994, Sch 9, Group 5, Items 3, 4, and 5—scope of the exemption

Exemption is extended to:

  1. Ìý

    (1)ÌýÌýÌýÌý the provision of the facility of instalment credit finance in a hire-purchase, conditional sale or credit sale agreement for which facility a separate charge is made and disclosed to the recipient of the supply of goods1

  2. Ìý

    (2)ÌýÌýÌýÌý the provision of administrative arrangements and documentation and the transfer of title to goods in connection with the supply described in head 1 if the total consideration therefor is specified in the agreement and does not exceed £102, and

  3. Ìý

    (3)ÌýÌýÌýÌý the provision of intermediary services in relation to the above by a person acting in an intermediary capacity3

Activities within the exemption

HMRC defines hire-purchase, conditional sale and credit sale as follows4:

  1. Ìý

    •ÌýÌýÌýÌý Conditional sale: consideration is payable by instalments and the goods remain the property of the seller until the full

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