NAPF seeks legal route to VAT refund of £300m - PP EXCLUSIVE

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THE NATIONAL Association of Pension Funds is considering launching a test case against HM Revenue and Customs in a bid to recover up to £300m of VAT for UK schemes.

The European Court of Justice ruled investment trusts should be exempt from paying value-added tax on the fees charged to them by third parties for the management of its assets at the end of last m...

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