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ECJ C-235/19 (United Biscuits Pensions) vs. UK – Judgment – Pension fund management services are not VAT exempted

On Oct 8, 2020, the ECJ decided on case ECJ C-235/19 (United Biscuits Pensions) related to pension fund management services and whether they are VAT exempted

For previous posts on this case, please click HERE.

Decision

Article 135(1)(a) of Council Directive 2006/112/EC of 28 November 2006 on the common system of value added tax must be interpreted as meaning that investment fund management services supplied for an occupational pension scheme, which do not provide any indemnity from risk, cannot be classified as ‘insurance transactions’, within the meaning of that provision, and thus do not fall within the value added tax (VAT) exemption laid down in that provision in favour of such transactions.

Source curia

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