1
Type Speaker CPD Hours Level
Webinar
& DVD
0.5 IntroductionInformation
Accreditation Information
SRA Competency B

Introduction

The complex VAT rules applying to pension funds have been clarified recently, with HMRC updating their internal manuals and issuing Revenue and Customs Brief 3 (2017).

It can be very important that advisers, sponsors, pension providers, trustees, beneficiaries and fund managers are aware of the correct VAT liabilities on services they provide, and what the rules are as to how much and who can recover input tax.

What You Will Learn

This introductory level short webinar will cover the following:

Why does VAT matter?

  • For Funds: Changes in VAT incidence can have material basis point effects, getting the VAT liability and deductions correct can have material effects on balance sheet and profit and loss accounts, especially for larger funds or those in deficit
  • For Sponsors: Optimising VAT recovery on services to pension funds can reduce funding costs
  • For Pension Providers and Trustees: It is important to ensure in respect of VAT charged on services provided to funds, that input VAT deduction is optimised, within the rules acceptable to HMRC
  • For Providers: Getting the liability correct on fund management services you provide is vital, improving client confidence and your competitive offering

How VAT applies to pension funds and how its incidence can be optimised within the HMRC rules:

  • Types of pension fund: DB and DC, Individual and collective, and how the interaction matters for VAT purposes
  • Type of fund management: investment and administration management, asset allocation and stock selection
  • VAT liability of fund management to DB and DC individual and collective funds
  • Insurance backed funds and pension fund management provided by insurers
  • Optimising VAT incidence: exemption for collective DC funds, type of trustee, deduction of input tax including separate administration contracts to sponsors, VAT grouping, tripartite contracts and conditions for recovery, use of the 70:30 simplification

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VAT & Pension Funds

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ON DEMAND
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Webinar/DVD | DVD

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VAT & Pension Funds

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DVD
30mins

Added to basket

Webinar/DVD | DVD

Unlimited Viewers | 30mins


VAT & Pension Funds

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Unlimited viewers
at your organisation
Prices (ex VAT)
Smart
Plan Information
Season
Ticket Information
Standard
£49.50
£99
£198
DVDs are subject to shipping & handling costs of £5 + VAT per DVD
New: Enjoy unlimited 24/7 access to over 703 webinars with an MBL Annual Webinar Subscription. Email webinarsubscription@mblseminars.com for details.

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