Commentary

RCB/48/08 VAT—exemption for fund management services

Part V16 Forms and other HMRC material

RCB/48/08 VAT—exemption for fund management services

RCB/48/08 VAT—exemption for fund management services

Revenue & Customs Brief, Issue 48. 1 October 2008

Changes to the VAT exemption for fund management services from 1 October 2008 were announced at this year's Budget in BN74 (BN/74/08, Division V16.3). The Value Added Tax (Finance) Order 2008 (SI 2008/1892) was laid in July to effect these changes.

Following further representations and consultation with stakeholders, the Order has been replaced to clarify the scope of certain of the changes and to introduce a de minimis provision. These amendments concern fund management services in respect of “recognised overseas schemes” which are collective investment schemes established

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