Hi Guys

A general question regarding invoices received from insurance companies - Actual Debit notes received

Why is it that when you receive an invoice from an insurance company it is actually a Debit note until paid, once paid a valid tax invoice is granted and the input tax can be claimed.

In my view this is a way around the output vat raised by the Insurance Company - They only pay over the VAT once received so in a sense this is like the payment basis which is not likely to be available to them.

Why can the insurance companies do this and no other businesses ?