Revenue and Customs Brief 25 (2013): VAT treatment of supervisors fees in light of the Paymex judgment
Published 2 September 2013
© Crown copyright 2013
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Purpose of this brief
HM Revenue and Customs (HMRC) Brief 17 2013 published on 8 July 2013 further clarified the VAT treatment of supervisors’ fees in light of the Paymex judgment, following on from Brief 27 2011 published on 19 July 2011 and Brief 35 2011 published on 20 September 2011.
In issuing Brief 17 (2013), HMRC did no more than re-state the existing legal position which was unaffected by the Paymex judgment. When handling any repayments of VAT HMRC takes into account all relevant circumstances of the case including published guidance before verifying the repayment as being appropriate.
The provisions of Brief 17 (2013) also apply to trust deeds in that the same firm of trustees must conduct the trust deed from the trustee’s appointment through to its conclusion in order for the supply to constitute a single exempt supply for VAT purposes.
Issued 2 September 2013