On 5 September 2016, HMRC announced a further 12-month extension (to 31 December 2017) of the transitional period in which employers can recover 30% of the VAT due on single invoices covering both administration and investment management services.
This transitional period treatment allows employers to continue to adopt the approach accepted by HMRC in respect of such costs prior to the ECJ decision in 2014 in PPG (for a discussion, see here).
Following this announcement, on 14 September 2016, HMRC republished Brief 17 (2015) originally issued in October 2015.
The HMRC announcement can be viewed here.
The updated Brief can be viewed here.