VAT Guidance for Outsourced Fund Management Services

• HMRC issued Guidelines for Compliance (GfC20) on VAT treatment of outsourced fund management services.
• The guidance helps businesses determine the correct VAT treatment of such services, including whether they should be treated as a single supply or multiple supplies.
• It is intended as HMRC’s recommended approach for compliance in this area.

Source: 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.

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