Review of VAT Treatment of Fund Management Services: Summary of Responses

• The government conducted a review of the UK fund regime, including a VAT workstream, in response to stakeholder representations.
• In December 2022, a technical consultation on the VAT treatment of fund management services was published.
• The consultation aimed to improve policy clarity and certainty and remove reliance on retained EU law.
• The proposed approach included codifying the term Special Investment Fund and retaining the current list of exempt fund types.
• The current UK regime for VAT treatment of fund management relies on UK law and CJEU cases.
• The consultation ran for eight weeks and received 37 written responses from various stakeholders.

Source: assets.publishing.service.gov.uk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---