VAT recovery: management and investment costs of a pension fund
The Court of Justice of the European Union (CJEU) has ruled in the case of PPG Holdings (C-266/12) that an employer is entitled to recover VAT on services procured by the employer for the management and operation of its pension fund.
The CJEU held that such expenditure was directly linked to the taxable activities of the employer, even though the pension fund was separate from the business.
The ruling is in conflict with HM Revenue & Customs’ policy, which distinguishes between input tax on recoverable ‘management’ costs and irrecoverable ‘investment costs’…
If you are registered and logged in to the site, click on the link below to read the rest of the Nabarro briefing. If not, please register or sign in with your details below.
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 The Lawyer
Analysis from The Lawyer
Nabarro senior partner and self-confessed “IT geek” Graham Stedman is heralding a major set of investments in technology ahead of the firm’s move to 125 London Wall this year.
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem