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VAT Treatment of Fund Management

Andrew Jackson, a Director at RSM Robson Rhodes LLP, looks at some of the basic principles underlying the VAT treatment of fund management

 
Andrew Jackson a Director at RSM Robson Rhodes LLP looks at some of the basic principles underlying the VAT treatment of fund management
 
Over the past few years the VAT treatment of fund management has been the subject of a number of legal challenges resulting in changes to the exemptions in the UK VAT legislation. At the same time the fund management industry has been changing with the growth of offshore alternative investment funds many of which are managed by small independent UK managers. This combination of changing legislation and an industry undergoing rapid change can lead to uncertainty over the VAT liability of supplies and the...

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