Defined Benefit Pension Plans – VAT Cost Saving Opportunities

    View Authors May 2015

    In response to a decision of the Court of Justice of the European Union, HM Revenue & Customs has changes its position regarding an employer’s entitlement to deduct VAT incurred on fees charged for services relating to the administration of occupational pension plans and the management of pension plan investments.  This publication examines the impact of HMRC’s new approach for sponsoring employers of defined benefit pension plans and the actions such employers should take to protect and enhance the recovery of VAT paid in connection with pension plan administration and investment management costs.