BN163 - Pension Scheme Costs and VAT

Briefing Notes posted on 20 November, 2017

HMRC has been reviewing its policy in relation to the reclamation of VAT on the costs associated with running occupational pension schemes. Since it was first announced that changes to the current VAT arrangements would be implemented, the effective date of the changes was deferred from 31 December 2016 to 31 December 2017. HMRC has now provided updated guidance indicating that the current practice can be maintained, provided certain conditions are met.

This Briefing Note summarises the updated guidance from HMRC.