ECJ ruling could herald multi-billion pound rebate for schemes

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INVESTMENT management firms could be forced to pay schemes billions of pounds if an EU advocate general's opinion on value-added tax is upheld in the European Court of Justice tomorrow.

The advocate general’s opinion was given during a court case going through the ECJ between a JPMorgan Fleming investment trust and HM Revenue and Customs (Professional Pensions, March 7). The in...

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