IFM02600 - Authorised investment funds (AIFs): VAT
VAT is not chargeable on management fees charged to an AIF under Group 5 of Schedule 9 to the VAT Act 1994.
The VAT treatment of AIFs바카라 사이트™ investment transactions depends on the nature of the goods or services supplied and the extent to which VAT paid on costs can be reclaimed.
HMRC바카라 사이트™s VAT guidance from VATFIN5000 provides an introduction to these and other VAT issues.