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

Brief: deduction of VAT on pension fund management costs

Revenue and Customs Brief 17 (2015) has been published. This brief follows on from Revenue and Customs Briefs 43/2014 and 8/2015 which set out HMRC’s position following the decision of the CJEU in Fiscale Eenheid PPG holdings BV cs te Hoogezand (C-26/12) (PPG).

The brief announces a 12 month extension to the transitional period, which was due to end on 31 December 2015, during which the pre-PPG arrangements can continue to be used. It also provides an update on HMRC’s position on possible arrangements for employers to achieve VAT deduction for the costs of administering occupational pension schemes and managing their assets going forward.