Commentary

BB/31A/02 VAT—Consultation on the VAT treatment of pension fund management & investment trusts

Part V16 Forms and other HMRC material

BB/31A/02 VAT—Consultation on the VAT treatment of pension fund management & investment trusts

BB/31A/02 VAT—Consultation on the VAT treatment of pension fund management & investment trusts

Business Brief, Issue 31. 29 November 2002

On 27 November 2002, Customs issued a consultation document to canvass views on the VAT treatment of fund management, particularly pension fund management, and to establish the costs and benefits of reform.

This was in response to the Sandler Report on Long Term Savings, which recommended a levelling of the VAT playing field between insurers and others for pension fund management and between the management of investment trusts and the management of Authorised Unit Trusts and Open Ended Investment Companies.

The Government is

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