New VAT deduction rules for defined pension funds
24 June 2025| CATEGORIES: New VAT policy, Pension fund costs, VAT deduction| TAGS: investment costs, New HMRC rules, pension funds, VAT
Revenue & Customs Brief 4 (2025) provides details of an HMRC policy change to VAT deduction rules in relation to pension fund costs. Investment costs will no longer be viewed as subject to dual use. All associated input tax will now be seen as the employer’s and recoverable by the employer, subject to normal deduction rules.