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VAT reclaim opportunity


Posted on 1 August 2013

VAT reclaim opportunity

Following  a recent Dutch VAT case concerning the ability of an employer to reclaim VAT incurred on Pension Fund costs, the Court of Justice has ruled that costs incurred by the company on the management and operation of a defined benefit pension scheme could be reclaimed.  

The current H M Revenue & Customs (HMRC) policy has until now only allowed VAT recovery on costs related to the administration of a pension scheme, not on investment advice. However, businesses now have the opportunity to submit claims covering the last four years for unclaimed VAT incurred on investment advice.

If your business has incurred VAT on such costs, we recommend that a claim is submitted to HMRC immediately.

For further information or advice in relation to this issue, please get in touch with your usual Smith Cooper contact or email VAT expert Tony Bartle here 

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