2025 Members’ Agents Rate

For Members' Agents, Combined Agents and Lloyd's Advisors

Members' Agents Rate 

  1. The Members' Agents Rate (MAR) for the year ended 31 December 2025 is 86.37%.
  2. Members' Agents and those Lloyd's Advisors who negotiate syndicate participations must use the MAR for the year ended 31 December 2025 to calculate final input VAT recovery for the year ended 31 December 2025.
  3. The annual adjustment for 2025 is to be declared in the VAT return for the quarter ended 31 March 2026.
  4. Members' Agents and those Lloyd's Advisors who negotiate syndicate participations must also use the 2025 MAR (i.e. 86.37%) to determine input VAT recovery when preparing 2026 VAT returns, until the actual recovery rate for the year ended 31 December 2026 is advised (in April 2027).

Other information:

For full details of the Lloyd’s VAT Arrangements, please refer to: Lloyd's VAT arrangements - 1 January 2000

If you have any queries regarding the MAR, please contact one of the Indirect Tax team in Lloyd's Tax Department.

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