HMRC changes pension VAT reclaim policy

HMRC has changed its policy on reclaiming VAT on defined benefit pension fund management costs, according to a brief it released this week

Based on the Court of Justice of the European Union (CJEU) ruling concerning Dutch industrial group PPG Holdings BV, the Revenue has changed its stance, meaning there are circumstances where employers may be able to claim VAT in relation to pension funds where they could not previously.

Associate director at Baker Tilly David Wilson had previously identified that this ruling meant that those implementing auto enrolment schemes could reclaim VAT if the scheme adhered to certain conditions.

But, he added that there is room for a...

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