Chapter 5 - Schedule 9 VATA 1994 - Ecemptions

Question 1

Schedule 9 VATA 1994

Answer 1

List of exempt items in 16 groups

Question 2

Groups 1 - 8

Answer 2

1 - Land
2 - Insurance
3 - Postal services
4 - Betting, gaming and lotteries
5 - Finance
6 - Education
7 - Health and welfare
8 - Burial and cremation

Question 3

Groups 9 - 16

Answer 3

9 - Trade unions and professional bodiees
10 - Sport, competitions and physical education
11 - Works of art
12 - Fund raising events by charities
13 - Cultural services
14 - Supplies of goods where input tax isn’t deductible
15 - Investment gold
16 - Supplies of services by groups involving cost sharing

Question 4

Group 1 - Land

Answer 4

Any land transaction is exempt other than the items actually listed in the leg as stand rate items.
Supply of a new, freehold commercial building is standard rate, as are others listed int he leg

Question 5

Group 2 - Insurance

Answer 5

Sch 9 group 2 exempts the provision of:
Item 1: insurance transactions and reinsurance transactions
Item 4: provision by an insurance broker or agent of any of the services of an intermediary in a case in which those services are related to an insurance transaction and the agent or broker is acting in an intermediary capacity

Question 6

Group 7 - Health and Welfare

Answer 6

There include:
a - supply of heath services by a registered practitioner
b - supply of drugs by pharmacists
c- supply of care for the elderly and disabled
d - the supply of care for children

Question 7

Other Exempt Items

Answer 7

Group 3 - postal services: only certain postal services provided by the Royal Mail are exempt. Business which charge customers postage must add on this charge before calculating VAT due on their invoices.

Group 4 - betting, gaming, dutiable machine games and lotteries - prior to 01/02/2013, they were standard rate