Without publicising the fact, HMRC has effectively performed a U-turn in relation to its position regarding VAT on pension scheme services, to a business as usual position. For more detail, see our e-bulletin.


Separately, HMRC has announced that from 1 April 2019 (ie after the UK has left the EU) it will end its policy of treating pension fund management services provided by insurance companies in relation to defined benefit schemes as exempt from VAT. (The exemption will generally continue for services provided to defined contribution schemes.) The change was originally due to have taken effect from 1 January 2018.

Key contacts

Rachel Rawnsley

Rachel Rawnsley

Partner, Head of Pensions
United Kingdom

View profile
Jade Murray

Jade Murray

Partner, Pensions
United Kingdom

View profile
Catherine McAllister

Catherine McAllister

Partner, Pensions
United Kingdom

View profile
Rachel Uttley

Rachel Uttley

Partner, Pensions
United Kingdom

View profile