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Legal Update

Pension fund management services provided by regulated insurance companies – change to VAT treatment

10 October 2017
Mayer Brown Legal Update
HM Revenue & Customs has published a brief announcing a change to the VAT treatment of fund management services provided to pension schemes by regulated insurance companies. The change is likely to result in a significant increase in fund management costs for DB pension schemes.

Authors

  • Ian Wright
    Partner
    T +44 20 3130 3417
  • James Hill
    Partner
    T +44 20 3130 3227
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