HMRC has updated Revenue and Customs Brief 17/2015 to reflect the extension for a further 12 months, until 31 December 2017, of the transitional period during which a pension fund and employer may continue to apply a 70/30 asset management/administration costs split in relation to VAT recovery fo
HMRC has updated Revenue and Customs Brief 17/2015 to reflect the extension for a further 12 months, until 31 December 2017, of the transitional period during which a pension fund and employer may continue to apply a 70/30 asset management/administration costs split in relation to VAT recovery for defined benefit pension schemes following the European Court judgment in PPG Holdings [2014] STC 175. The brief sets out HMRC’s view that direct payment by the employer under a tripartite contract will not give rise to a corporation tax deduction. It also covers HMRC’s position on VAT recovery where pension trustees supply scheme administration services to an employer, and where the trustee and employer are in a VAT group.
HMRC has updated Revenue and Customs Brief 17/2015 to reflect the extension for a further 12 months, until 31 December 2017, of the transitional period during which a pension fund and employer may continue to apply a 70/30 asset management/administration costs split in relation to VAT recovery fo
HMRC has updated Revenue and Customs Brief 17/2015 to reflect the extension for a further 12 months, until 31 December 2017, of the transitional period during which a pension fund and employer may continue to apply a 70/30 asset management/administration costs split in relation to VAT recovery for defined benefit pension schemes following the European Court judgment in PPG Holdings [2014] STC 175. The brief sets out HMRC’s view that direct payment by the employer under a tripartite contract will not give rise to a corporation tax deduction. It also covers HMRC’s position on VAT recovery where pension trustees supply scheme administration services to an employer, and where the trustee and employer are in a VAT group.
