HM Revenue and Customs (HMRC) has further delayed the implementation of rules on value-added tax (VAT) reclaims for defined benefit (DB) schemes until December 2017.
Trustees have been waiting for HMRC to clarify how they can reclaim tax on VAT related administration and management costs. This stems from the 2013 PPG Holdings case decided at the Court of Justice...
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.