Consultation responses to the VAT treatment of fund management services, Euromoney on the purpose test, recent developments on Pillar Two, and a report on the tax contribution of the UK banking sector are examined by Mike Lane and Zoe Andrews (Slaughter and May).
VAT treatment of fund management services review: summary of responses
Last January we wrote about the consultation on a proposal to codify current UK policy for the VAT treatment of fund management (based on UK law retained EU law general principles guidance and a body of case law) into UK law. The intention of the consultation was stated to provide certainty and clarity simplify the process considerably reduce the scope for differing interpretations of law and case law and ultimately achieve a reduction in the amount of litigation which takes place in this area.
The summary of responses published...
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Consultation responses to the VAT treatment of fund management services, Euromoney on the purpose test, recent developments on Pillar Two, and a report on the tax contribution of the UK banking sector are examined by Mike Lane and Zoe Andrews (Slaughter and May).
VAT treatment of fund management services review: summary of responses
Last January we wrote about the consultation on a proposal to codify current UK policy for the VAT treatment of fund management (based on UK law retained EU law general principles guidance and a body of case law) into UK law. The intention of the consultation was stated to provide certainty and clarity simplify the process considerably reduce the scope for differing interpretations of law and case law and ultimately achieve a reduction in the amount of litigation which takes place in this area.
The summary of responses published...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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