Angela Chapman, Senior Consultant, Accordance, looks at VAT recovery for fund managers following the changes announced in the Budget 2008
Angela Chapman Senior Consultant Accordance looks at VAT recovery for fund managers following the changes announced in the Budget 2008
The VAT exemption for financial services has been the subject of dispute for many years. In recent years fund management has been at the forefront. First there were the Prudential Assurance Co Ltd and Abbey National plc cases which extended the exemption to the investment management of UK open-ended investment companies (OEICs) and authorised unit trusts. Then in 2006 a further Abbey National case extended the exemption to services provided by third-party administrators. Last year the ECJ decided in the case of JP Morgan Fleming...
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Angela Chapman, Senior Consultant, Accordance, looks at VAT recovery for fund managers following the changes announced in the Budget 2008
Angela Chapman Senior Consultant Accordance looks at VAT recovery for fund managers following the changes announced in the Budget 2008
The VAT exemption for financial services has been the subject of dispute for many years. In recent years fund management has been at the forefront. First there were the Prudential Assurance Co Ltd and Abbey National plc cases which extended the exemption to the investment management of UK open-ended investment companies (OEICs) and authorised unit trusts. Then in 2006 a further Abbey National case extended the exemption to services provided by third-party administrators. Last year the ECJ decided in the case of JP Morgan Fleming...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")