Lawyers warn schemes face extra costs due to complex VAT recovery rules
Lawyers have warned that defined benefit (DB) schemes face unnecessary extra VAT charges unless HM Revenue and Customs (HMRC) makes it less complicated for them to reclaim tax.
HMRC was forced to change its guidelines after the European Court of Justice ruled schemes could recovery VAT on asset management costs as well as administration expenses. But the Association of Pension...
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FCA data reveals over £20bn of DB transfers between 2018 and 2020
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Trustees will need to be corporate finance experts under new TPR powers
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