VAT on SIPP Management fees
Feb 11th 2020, 7:30 pm
#1
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Thread Starter
Joined: Aug 2018
Location: Oakville
Posts: 20
VAT on SIPP Management fees
Hoping someone might have some insight on this. The company that manages my pension in the UK have for the last 10 years charged me VAT on their fees, despite living in Canada. My accountants and lawyers, however, whenever they raise an invoice have not as I am not resident in the UK. I have asked on several occasions why they are charging and their response is that it is due. I have researched as best I could online and my understanding is that NO VAT should be charged.
Does anyone have any knowledge or first-hand experience that might confirm 1 way or the other?
Does anyone have any knowledge or first-hand experience that might confirm 1 way or the other?
Feb 11th 2020, 7:56 pm
#2
BE Forum Addict
Joined: Aug 2013
Location: Athens GA
Posts: 2,134
Re: VAT on SIPP Management fees
Hoping someone might have some insight on this. The company that manages my pension in the UK have for the last 10 years charged me VAT on their fees, despite living in Canada. My accountants and lawyers, however, whenever they raise an invoice have not as I am not resident in the UK. I have asked on several occasions why they are charging and their response is that it is due. I have researched as best I could online and my understanding is that NO VAT should be charged.
Does anyone have any knowledge or first-hand experience that might confirm 1 way or the other?
Does anyone have any knowledge or first-hand experience that might confirm 1 way or the other?
Para 6.2 is probably the one that is catching you.
Feb 11th 2020, 8:00 pm
#3
Just Joined
Thread Starter
Joined: Aug 2018
Location: Oakville
Posts: 20
Re: VAT on SIPP Management fees
Good luck if you want to work your way through this: https://www.gov.uk/guidance/vat-plac...es-notice-741a
Para 6.2 is probably the one that is catching you.
Para 6.2 is probably the one that is catching you.
As clear as mud!
