Value Added Tax Act 1994 Schedule 9

Part II — The groups

Schedule 9, Part II sets out the sixteen categories (groups) of supplies that are exempt from VAT, covering land, insurance, postal services, betting and gaming, finance, education, health and welfare, burial and cremation, subscriptions to trade unions and professional bodies, sport, works of art, fund-raising events, cultural services, supplies where input tax cannot be recovered, investment gold, and cost-sharing groups.

• The exemption for land covers most grants of interests in or rights over land, but excludes numerous specific categories including new commercial buildings, holiday accommodation, parking, self-storage, sport and recreation facilities, and hairdressing premises
• Financial services exemptions cover dealings in money and securities, credit, bank accounts, insurance and reinsurance transactions, intermediary services, and the management of collective investment schemes and qualifying pension funds
• Education, health, welfare, sport, cultural services, and fund-raising events are exempt when provided by eligible or qualifying bodies that meet strict non-profit and governance criteria
• Further exemptions apply to postal services by universal service providers, betting and gaming, trade union and professional body subscriptions, works of art relieved from estate or inheritance tax, investment gold, and cost-sharing arrangements between VAT-exempt or non-business entities