VAT and investment management services for DB pension funds — a new jigsaw
Last summer, the Court of Justice of the European Union (CJEU) ruled (in PPG Holdings BV (C-26/12)) that VAT payable on services provided for a Dutch pension fund was deductible by the employer if certain conditions were met. Since then, HMRC has issued a keenly awaited announcement in response to the ruling.
It is important to note that this announcement relates to defined-benefit (DB) pension schemes (the announcement notes that a CJEU ruling as regards defined-contribution schemes is expected soon).
HMRC had previously allowed employers to deduct VAT regarding costs incurred in relation to the day-to-day setting up and administration of an occupational pension scheme, as these were considered to be overheads of the employer and therefore a direct and immediate link to the employer’s business activities…
Click on the link below to read the rest of the Wragge & Co briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Wragge Lawrence Graham & Co
News from The Lawyer
Briefings from Wragge Lawrence Graham & Co
If you think that the Housing Grants Act makes payment (or not) clear, keep reading for the latest case...
You may be forgiven for thinking that as of 27 February 2015, the Housing Grants, Construction and Regeneration Act 1996 (the Act), has little effect in terms of its payment and adjudication provisions.
Arnold J does battle again with the complexities of European Trade Mark law in a dispute about the trademark SUPREME for foodstuffs for rabbits and other small animals.