VAT AND FINANCIAL SERVICES : (third edition).

About the author; Acknowledgements; Contents; Tables of authorities; 1 Introduction; 1.1 Introduction to the first edition, September 2012; 1.2 Introduction to the second edition, June 2015; 1.3 Introduction to the third edition, March 2017; 2 Financial Services; 2.1 Introduction; 2.1.1 Place of supply; 2.2 Money and money-related services; 2.2.1 The issue of money; 2.2.2 The transfer of money; 2.2.3 A security for money; 2.2.4 Dealing with money; 2.2.5 Foreign exchange; 2.2.6 Automated teller machines (ATMs); 2.2.7 Current, deposit and savings accounts.

2.2.8 Dishonoured cheques or direct debit payments2.2.9 Electronic banking; 2.2.10 Travellers' cheques; 2.2.11 Deductions from pay; 2.2.12 Clearing and settlement services; 2.2.13 Crypto currencies -- Bitcoin; 2.3 Securities; 2.3.1 Stock lending; 2.3.2 Custody services; 2.3.3 Nominee services; 2.3.4 Share registrar services; 2.3.5 Underwriting; 2.3.6 Dealer Systems and Data Services; 2.3.6.1 Dealer Systems; 2.3.6.2 Data Services; 2.3.7 Specialist services; 2.4 Investment funds and wrappers; 2.4.1 Management of special investment funds; 2.4.2 Closed-ended collective investment undertakings.

2.4.2.1 Pension Fund Management2.4.3 Wrapper products; 2.4.3.1 Individual Savings Accounts (ISAs); 2.4.3.2 Child Trust Funds (CTFs); 2.4.3.3 Personal Equity Plans (PEPs); 2.4.4 AUTIF administrative agreement; 2.4.5 Wrap accounts; 2.4.5.1 Nominee accounts; 2.4.5.2 Fund supermarkets; 2.4.6 Crowdfunding; 2.5 Derivatives; 2.5.1 Commodity futures, options and other derivatives; 2.5.1.1 Derivatives, Commodities and Terminal Markets; 2.5.1.2 Commodities traded off-exchange; 2.5.2 Financial futures; 2.5.3 Financial futures -- exchange trading; 2.5.3.1 Fees charged by members.

2.5.3.2 Client to member transactions2.5.3.3 Margin payments; 2.5.4 Financial options; 2.5.5 Other types of trade: trading by locals; 2.5.6 Other types of trade: trading over-the-counter; 2.5.7 Other types of trade: trading on non-UK exchanges; 2.5.8 Interest rate swaps; 2.5.9 Currency swaps; 2.5.10 Financial Spread Betting (FSB); 2.5.11 Contracts for Differences (CFDs); 2.6 Intermediary services; 2.6.1 Securities Broking; 2.6.2 Soft Commissions; 2.6.3 Corporate finance; 2.6.3.1 Types of Corporate Finance Deals; 2.6.4 Financial investigations; 2.6.5 Independent Financial Advisers (IFAs).

2.6.5.1 Retail Distribution Review2.6.5.2 IFA networks; 2.6.6 Affinity card arrangements; 2.6.7 Credit and Debit card handling services; 2.6.8 Individual voluntary arrangements and company voluntary arrangements; 2.6.9 Derivatives; 2.7 Supplies relating to the provision of credit; 2.7.1 Credit, debit and charge cards; 2.7.2 The provision of outsourced services to a loan provider; 2.7.3 Deferred payments and discounts; 2.7.4 Penalties for late payments; 2.7.5 Hire-purchase, conditional sale and credit sale agreements; 2.7.5.1 Transactions not involving finance companies.

VAT and Financial Services takes the reader through the relevant legislation case law, and legal concepts; examines the consequences of outsourcing; looks at the key issues facing financial services and insurance; and discusses the VAT cost sharing exemption. Since the first edition there have been significant developments in the area of pensions management and VAT charged on investment management for pension schemes. Also includes the new and developing area of cryptocurrencies such as Bitcoin.

eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - Worldwide