Client Alert

| August 19, 2010

VAT Victory for insurance introductory service providers

Following the Court of Appeal decision in favour of the taxpayer in HMRC v. InsuranceWide.Com Services Limited and Trader Media Group Limited [2010] EWCA 422 ("IW & TMG"), Her Majesty's Revenue & Customs ("HMRC") have published Revenue & Customs Brief 31/10 (the "Brief") confirming their decision not to appeal the judgment.

For more information, please contact your Dewey & LeBoeuf relationship partner, or one of the following:

Judith Harger

+44 20 7459 5185

Graham Brough

+44 20 7459 5230

This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent. For further information on Dewey & LeBoeuf, please visit www.dl.com. +1 888 532 6383