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UK VAT deductibility for EU Financial Services

  • Nov 10, 2020 | Richard Asquith

The UK’s Chancellor, Rishi Sunak, today announced that Financial Services, including Banking and Insurance, will be allowed to deduct the input VAT suffered on their export services to the European Union.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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