Tag Archives: pension

HMRC Publish Updated QROPS Pension Listing

HMRC have this week published an updated list of Qualifying Recognised Overseas Pension Schemes (QROPS) with a numbers of warnings and caveats too, so care needs to be taken. The list and HMRC’s commentary can be found here :- http://www.hmrc.gov.uk/pensionschemes/qrops.pdfContinue reading

Posted in Tax and Accounting News | Tagged , , , , , , , | Leave a comment

Employers Recovering VAT Paid for Pension Funds

The European Court has ruled that employers are entitled to recover all of the VAT tax they pay for running a separate pension fund. In the Dutch case of PPG Holdings, C-26/12, on 18th July the Court decided that costs … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , , , | Leave a comment

Tax refunds and reclaiming overpaid tax

If you have overpaid on tax or National Insurance here is HMRC’s advice for claiming it back. http://www.hmrc.gov.uk/incometax/refund-reclaim.htm Eamon McNicholas Tax Barrister, Accountant EamonMcNicholas.com

Posted in Tax and Accounting News | Tagged , , , , , , | Leave a comment

VAT Now Payable On EU Pension Scheme Management Fees

“The court also observed that members of the scheme do not bear the risk of the management of the fund, and that the pension amount received is based on salary and length of service rather than on the assets’ performance. … Continue reading

Posted in Tax and Accounting News | Tagged , , , , , | Leave a comment