US EditionVAT policy change on management of pension funds opens door to 4-year reclaims
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VAT policy change on management of pension funds opens door to 4-year reclaims
HMRC has announced a potentially significant policy change on VAT deduction on the management of pension funds. Effective from 18 June 2025, the update allows employers to fully recover VAT on both invested and administration costs related to pension funds, eliminating the previous requirement to apportion costs between employers and pension funds trustees.
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