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HMRC changes VAT rules for DB sponsor employers

Accountancy Age

HMRC HAS AMENDED its VAT rules to allow defined benefit (DB) pension sponsors to reclaim input tax in some circumstances. The change follows a Court of Justice of the European Union (CJEU) in the case of PPG Holdings against the Netherlands tax authority Accountancy Age’s sister publication Professional Pensions reports. The court held that both day-to-day management costs and investment costs may be reclaimed by employers; previously only administration costs were…

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