- Advocate General Kokott’s approach in the ‘Dutch pension fund’ cases compares special investment funds with EU UCITS law
- CJEU case law remains relevant post-Brexit for interpreting UK VAT legislation
- Recent opinion of Advocate General Kokott on VAT exemption for management of special investment funds
- Evolving case law from CJEU has created uncertainty in the funds industry regarding VAT liability
- UK government’s abandoned attempt to codify VAT exemption into UK law
- Government consultation on VAT treatment of financial services post-Brexit
- Proposal to codify legislation on ‘special investment fund’ based on CJEU case law
- Government decided to do nothing in response to consultation, may provide further guidance in the future.
Source: stewartslaw.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
