Event Summary:
HMRC updated their policy on VAT recovery for defined benefit pension schemes in RCB 4/2025 such that input tax incurred on investment costs should be deductible by the employer applying their normal deduction rules.
This sounds quite straightforward, but the recently updated HMRC guidance is more involved and in some places difficult to reconcile.
Marina will explain why HMRC changed their policy, how this could benefit your charity, and how you would go about taking any necessary action as a result of this change.
About Marina
Marina Vatrasova is a Chartered Tax Adviser and a senior manager in BDO’s Reading office. She specialises in VAT.
