Commentary

BB/6A/01 VAT liability of subcontracted investment management services provided to a unit trust

Part V16 Forms and other HMRC material

BB/6A/01 VAT liability of subcontracted investment management services provided to a unit trust

BB/6A/01 VAT liability of subcontracted investment management services provided to a unit trust

Business Brief, Issue 6. 18 April 2001

This business brief sets out Customs' approach to claims for VAT exemption and repayment following a decision of the VAT & Duties Tribunal on 16 January 2001 in the case of Prudential Corporation plc [C & E Comrs v Prudential Assurance Co Ltd (2001) VAT Decision 17030].

The tribunal considered whether subcontracted investment management services provided to the operator of an authorised unit trust were exempt as the management of a special investment fund.

The tribunal found the supplies were not exempt under

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial