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Hastings Insurance v HMRC

The name here will be familiar to VAT practitioners as this is not the first case taken by this company in relation to its business structure.

In 2018 Hastings was successful in an argument before the FTT in relation to insurance supplies. The company supplied insurance service to a (related) Gibraltar company. That company in turn provided insurance services to UK customers using Hastings as its intermediary.

The question was whether or not the supplies were made in the UK or in Gibraltar.

The FTT ruled that the supplies were made in Gibraltar, thus allowing Hastings to recover VAT. The VAT would not have been recoverable if the supplies had been made directly by Hastings to its UK customers.

As a result of this decision the