Home > Business > Pension Issue Will Continue (posted: 13-3-13)

Practitioners have warned that the decision by the European Court of Justice to continue imposing VAT on fund management fees incurred by occupational pension funds, is unlikely to draw a line under the issue. Despite the ruling, the European Commission is also currently reviewing the VAT treatment of financial services.  Also, according to indirect tax experts, there could be further chnages to the way in which investment management services are taxed.
Ian Carpenter, head of VAT at Baker Tillys said, Although I dont think weve heard the last of this story yet, I do suspect well be waiting a long time before we can draw a line under it.

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