Policy paper

Revenue and Customs Brief 3 (2017): VAT - treatment of pension fund management services

This brief announces a change in policy concerning the VAT treatment of pension fund management services provided by regulated insurance companies.

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Details

This brief sets out a change in HM Revenue and Customs’ policy of allowing all pension fund management services provided by regulated insurance companies to be exempt from VAT. Following the Court of Justice of the European Union judgement in Card Protection Plan, this VAT exemption is to be discontinued from 1 April 2019.

Published 5 October 2017
Last updated 20 November 2017 + show all updates
  1. Following discussions with industry representatives, the policy change will now apply from 1 April 2019.
  2. First published.