HL Deb 14 April 1983 vol 441 c393WA
Lord Kennet

asked Her Majesty's Government:

Why exemption from VAT has been granted to the provision of reinsurance by authorised insurers.

The Parliamentary Under-Secretary of State, Department of Health and Social Security (Lord Trefgarne)

Article 13B(a) of the EEC Sixth Directive on VAT requires member states to exempt insurance and reinsurance transactions from VAT.