TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

VAT and pension funds

Following decisions by the Court of Justice of the European Union (CJEU) Revenue accepts that a defined contribution scheme may be treated as a specified investment fund where certain conditions are met. This means that the management of such schemes are exempt from VAT.

The Revenue VAT Manual has been updated to set out the VAT treatment applying to pension funds following decisions of the CJEU in Wheels (Case C-424/11), ATP (Case C-464/12) and PPG (Case C-26/12).

Further details are set out in Revenue eBrief No. 73/15 published here.