Commentary

RCB/9/13 VAT—corporate pensions – FSA's Retail Distribution Review – treatment of “consultancy charges” for services supplied to employers

Part V16 Forms and other HMRC material

RCB/9/13 VAT—corporate pensions – FSA's Retail Distribution Review – treatment of “consultancy charges” for services supplied to employers

RCB/9/13 VAT—corporate pensions – FSA's Retail Distribution Review – treatment of “consultancy charges” for services supplied to employers

Revenue & Customs Brief, Issue 9. 17 April 2013

Purpose of this Brief

This Brief confirms the VAT implications of regulatory changes that will affect the way that Employee Benefit Consultants (“EBCs”) and others providing services to employers for the setting up and administration of work place contract-based pensions will be remunerated in the future.

Services supplied to employers or Trustees in respect of occupational pension schemes held through trusts are not covered by this Brief.

Who needs to read this?

  1.  

    —     Businesses (such as EBCs) that advise and assist employers and/or employees in connection with contract-based Group Personal Pension plans.

  2.  

    —     Employers that receive these services.

Action to take

Businesses supplying the above services need to establish the following to determine the VAT treatment—

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