A legal bid to secure the same VAT treatment for pensions funds as other
investment funds, has been launched by taxpayers, reports the
Financial
Times.
The decision to take the matter to court follows a similar challenge last
year by investment trusts, which won a European ruling in their favour.
A successful challenge would allow the pension funds sector to receive an
estimated £300m in backdated VAT over the last three years. Pension funds would
also be exempt from paying about £100m a year in VAT in the future.
The case is being brought by Wheels Common Investment Fund, a £8bn
multi-employer scheme covering Ford Motor Company, Jaguar Cars and Land Rover
and the national Association of Pensions Funds.
Initially the case will be presented to the UK VAT & Duties Tribunal but
could be referred to the European Court of Justice.
C++ Research Developer Global Pharmaceutical Company London C++ Research Developer Biotechology Global Medical Company London Global Biotechnology Company specialising in the research and development of cutting edge health care products is looking for an innovative, ... more >
Your role will be working on direct market access and exchange connectivity part of the application built in C++ on a Unix platform. The team is currently just 9 people including architect and team lead, ... more >
This is a fantastic opportunity working for a leading global software house, which is part of a larger multi media company. The role is working in the core development team in central London developing a ... more >
C++, Developer, OO, Unix/NT, API, London, City, Graduate A senior core C++/ Unix developer wanting to work in the heart of the city for one of London's most successful companies is required. The successful candidate ... more >More job opportunities
Print
Discuss
Send to friend
RSS feeds
del.icio.us
Digg this
reddit!
