HMRC changes VAT rules for DB sponsor employers

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HM Revenue and Customs (HMRC) has amended its value added tax (VAT) rules to allow defined benefit (DB) sponsors to reclaim input tax in some circumstances.

The change follows a Court of Justice of the European Union (CJEU) in the case of PPG Holdings BV against the Netherlands tax authority (PP Online, 25 July 2013). The court held that both day-to...

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