We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you agree to our use of cookies. To close this message click close.

Wheels - Reclaiming VAT on Investment Management Fees

15 November 2011

Client Notes

Under UK law at present, UK investment managers are obliged to charge VAT at 20% on the supply of management services to pension schemes in the UK.  Wheels is arguing that, under EU VAT law, these investment management services should be exempt from VAT.  If the case is successful, then DB pension schemes would no longer have to pay an estimated £100 million a year in VAT.


Loading data