Commentary

BB/16C/05 Addendum to Business Brief 15/05: VAT—recovery of input tax by employers in respect of funded pension schemes

Part V16 Forms and other HMRC material

BB/16C/05 Addendum to Business Brief 15/05: VAT—recovery of input tax by employers in respect of funded pension schemes

BB/16C/05 Addendum to Business Brief 15/05: VAT—recovery of input tax by employers in respect of funded pension schemes

Business Brief, Issue 16. 19 August 2005

Following the issue of Business Brief 15/05 on 9 August, representations have been made to HMRC that the implementation date should be put back. This would allow investment managers time to amend their systems in order to comply with the new rules. HMRC have agreed to this and the changes will now take effect from 1 January 2006. In the meantime, HMRC will be consulting representatives of the asset management industry about clarifying the guidance

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