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VAT update

Published on 26 November 2015

HMRC publishes guidance on pension fund management costs

Since the decision of the Court of Justice of the European Union (CJEU) in PPG Holding BV cs te Hoogezand, HMRC has issued a number of Business Briefs (see Brief 43/14 and Brief 08/15) setting out its position regarding an employer’s ability to deduct VAT incurred on pension fund management costs.