Back in February, HMRC issued Brief 06/14 outlining their response to the European Court decision in the PPG case. This promised a change in the long accepted practice of allowing employers to recover a proportion of VAT incurred on the administration of defined benefit pension schemes – the so-called 70/30 rule. HMRC planned to scrap … Continue Reading
The VAT treatment of UK pension fund management costs has become a bit of a minefield in recent years, with a number of long-running court cases impacting on employers and pension fund trustees. In the latest twist, HMRC have now issued a Brief in response to the EU Court’s ruling in the Dutch PPG case. HMRC have conceded … Continue Reading
