Lee Squires and Fiona Bantock review the recent VAT decisions in Esporta (VAT on late paid gym fees); Simpson & Marwick (bad debt relief); PPG Holdings (deductibility of pension fund costs) and Commission v UK (VAT grouping infraction proceedings)
PPG holdings: deductibility of pension fund costs
Advocate General (AG) Sharpston has delivered her opinion in PPG Holdings BV (C-26/12) on whether an employer is entitled to deduct input VAT charged by third party service providers on supplies to a defined benefit occupational pension fund in connection with its management and operation where such supplies are paid for by the employer.
PPG had argued that it should be entitled to deduction on the basis that it was legally required to make pension provision for its employees without whom it could not carry on business or make taxable output transactions so that the costs of so doing were necessarily...
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Lee Squires and Fiona Bantock review the recent VAT decisions in Esporta (VAT on late paid gym fees); Simpson & Marwick (bad debt relief); PPG Holdings (deductibility of pension fund costs) and Commission v UK (VAT grouping infraction proceedings)
PPG holdings: deductibility of pension fund costs
Advocate General (AG) Sharpston has delivered her opinion in PPG Holdings BV (C-26/12) on whether an employer is entitled to deduct input VAT charged by third party service providers on supplies to a defined benefit occupational pension fund in connection with its management and operation where such supplies are paid for by the employer.
PPG had argued that it should be entitled to deduction on the basis that it was legally required to make pension provision for its employees without whom it could not carry on business or make taxable output transactions so that the costs of so doing were necessarily...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
