- HMRC now allows employers to reclaim all VAT on investment costs linked to pension funds, without splitting costs with trustees.
- Pension trustees can also reclaim VAT on their costs if they provide management services to the employer and are VAT-registered.
- HMRC’s updated guidance says full VAT recovery requires the sponsoring employer to have directly contracted for the scheme-related service.
- HMRC no longer distinguishes between administration and investment services for this VAT recovery rule.
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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