HM Revenue & Customs has updated its VAT Input Tax Manual to set out its finalised position on employer recovery of VAT charged on services provided to occupational pension schemes. Among other things, this confirms the indefinite extension of the concession allowing employers to recover 30% of the VAT charged on combined administration and investment services.

HMRC has also decided to delay withdrawal of the VAT exemption for fund management services provided to pension schemes by insurance companies until 1 April 2019.
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