HMRC has published guidance to help businesses correctly determine the VAT treatment applicable to outsourced fund management services. The promotional material (GfC20) clarifies the VAT rules for organisations that choose to contract fund management activities to external providers rather than handling them in-house. This guidance is intended to support compliance and ensure accurate VAT reporting for fund management service arrangements. The material helps traders understand their VAT obligations when engaging third-party fund managers.
Source: HMRC (GOV.UK) – Read the original