Become a Professional Pensions member

VAT on professional fund management costs - we need more clarity

Following cases in European courts, HMRC has recently changed the rules relating to the recoverability of VAT on professional fees paid in relation to occupational pension schemes. Tom Jackman explains what these changes mean for trustees and employers of defined benefit schemes.

Tom Jackman

18 February 2016 • 4 min read

Following cases in European courts, HMRC has recently changed the rules relating to the recoverability of VAT on professional fees paid in relation to occupational pension schemes. Tom Jackman explains what these changes mean for trustees and employers of defined benefit schemes

At a glance The issue for DC schemes is fairly straightforward but this is not the case with defined benefit schemes In November 2014 HMRC announced that the employer of a DB scheme would b...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
Receive important and breaking news stories via our two daily news alerts
Hear from industry experts and other forward-thinking leaders

Join now