VAT on professional fund management costs - we need more clarity
Following cases in European courts, HMRC has recently changed the rules relating to the recoverability of VAT on professional fees paid in relation to occupational pension schemes. Tom Jackman explains what these changes mean for trustees and employers of defined benefit schemes.
Following cases in European courts, HMRC has recently changed the rules relating to the recoverability of VAT on professional fees paid in relation to occupational pension schemes. Tom Jackman explains what these changes mean for trustees and employers of defined benefit schemes
At a glance The issue for DC schemes is fairly straightforward but this is not the case with defined benefit schemes In November 2014 HMRC announced that the employer of a DB scheme would be able...
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