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.