Pension Funds and Employers: VAT reclaims |
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- January 2012
- 128 KB
Pension Funds and Employers: VAT reclaims (PDF)- Area: Pensions Advisory
Background
If you have a fund-based pension scheme it is likely that you incur VAT on its management, and that not all of this VAT is being recovered. VAT is therefore a cost to the scheme which will reduce its value and increase any deficits.
A number of cases are currently challenging whether pension fund management should be subject to standard rate VAT. If successful, these cases could result in considerable VAT repayments. Full details, including what you need to do and what time limits apply can be found in the attached briefing note.
