- HMRC has issued new guidance GfC20 on the VAT treatment of outsourced fund management services.
- The guidance is intended to help businesses determine the correct VAT treatment of these services, including whether they should be treated as a single supply or multiple supplies.
- It reflects HMRC’s recommended approach to applying the fund management exemption.
Source: marcusward.co
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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