In our October 2017 VAT Update (which can be viewed here) we reported on HMRC’s announcement that, with effect from 1 January 2018, it would withdraw the VAT exemption for pension fund management services for insurers.

On 20 November 2017, HMRC announced an amendment to the proposed withdrawal date. The withdrawal will now take effect from 1 April 2019, rather than 1 January 2018, as previously announced.

A copy of Business Brief 3 (2017) is available to view here.