RCB/3/17 VAT—treatment of pension fund management servicesRevenue & Customs Brief, Issue 3. Updated 20 November 2017Purpose of this briefThis brief announces a change in HM Revenue and Customs (HMRC) policy about the VAT treatment of pension fund management services provided by regulated insurance companies.ReadershipThis Revenue and Customs brief is primarily aimed at— — pension fund managers and administrators — insurers and other pension providers — pension scheme trustees — tax advisers.BackgroundHMRC policy has allowed all pension fund management services provided by regulated insurance companies to be exempt from VAT. This treatment arises from the UK's original application of the
Revenue & Customs Brief, Issue 3. Updated 20 November 2017
This brief announces a change in HM Revenue and Customs (HMRC) policy about the VAT treatment of pension fund management services provided by regulated insurance companies.
This Revenue and Customs brief is primarily aimed at—
— pension fund managers and administrators
— insurers and other pension providers
— pension scheme trustees
— tax advisers.
HMRC policy has allowed all pension fund management services provided by regulated insurance companies to be exempt from VAT. This treatment arises from the UK's original application of the
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