Wheels VAT case referred to ECJ after parties agree questions

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HMRC and the Wheels Common Investment Fund have agreed and submitted questions to the European Court of Justice ahead of its ruling over whether defined benefit funds should be exempt from VAT.

If successful, schemes could save about £100m a year in VAT. Three questions, seen by PP, have been submitted by the five appellants WCIF, three of its subsidiary pension funds and the National ...

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