DB sponsors take a hit on VAT

Naomi Rainey explores difficulties schemes will face due to HMRC’s interpretation of an ECJ ruling

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Taxes may be one of only two certain things in life, they are rarely simple.

It's no surprise that an HM Revenue and Customs (HMRC) amendment to VAT rules may not be as positive as it first seemed. Last year, the European Court of Justice (ECJ) ruled sponsor employers co...

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