Very interesting article from E&Y re the potential impact of VAT on the provision of "Fintech Services" to financial institutions.

In simple terms, Banks cant recover VAT in most Fintech Service scenarios, therefore Fintreckers who want to provide Fintech Services to Banks need to structure their service delivery in a manner which allows the Fintech Service to be treated as being VAT exempt- Not easy.

Any Fintrecker who wants to live long and prosper with the Banks needs expert advice on this issue- and we have over 18 years experience in this area.

Come and talk to us before the VATman takes an interest in what you are actually doing (not just what your service contract says you are doing).

In the words of Mr Spock- "Insufficient facts always invite danger"!