HMRC issues internal guidance on DB VAT but fails to update schemes

James Phillips
clock • 3 min read

HM Revenue and Customs (HMRC) has published an internal manual on how value-added tax (VAT) should be calculated for defined benefit (DB) occupational pension schemes.

The guidance, which relates to administration and investment costs incurred by a pension scheme, comes after the European Court of Justice (ECJ) ruled in 2013 that employers could reclaim VAT incur...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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