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.
News from Nabarro
News from The Lawyer
Briefings from Nabarro
The FCA has published its policy statement on the regulation of crowdfunding. This follows its consultation paper in October last year.
On 25 February, the UK Information Commissioner’s Office (ICO) published its updated code of practice on conducting privacy impact assessments.
Analysis from The Lawyer
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem
Real estate continues to be the key money spinner for Nabarro, which has always been known for its work in the UK property market, (although) last year results were up across the firm. Google’s ...