The management of a qualifying special investment fund

VAT treatmentExempt

What this means for your business

Charging VAT: No VAT is charged because this supply is exempt.
Reclaiming VAT: VAT paid on costs directly related to this exempt supply cannot normally be reclaimed as input tax.

Official guidanceVAT Notice 701/49 (opens in a new tab)

Related items in Financial services and investments

Financial service supplied as a separate element but with other goods or servicesExempt
Financial service supplied as part of a single supply with other goods or servicesVAT treatmentExempt if financial service is the principal element of the supply
Financial services including the issue, transfer or receipt of, or dealing with money, securities for money or orders for the payment of moneyExempt
Gold investment coinsExempt
The granting of credit such as loansExempt
The issue, transfer or dealing with a security, including shares and bondsExempt
The management of credit by the person who has granted itExempt
The operation of a current, deposit or savings accountExempt
The provision of qualifying financial intermediary servicesExempt
The provision of the facility of instalment credit finance for example hire-purchaseExempt

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This website is not affiliated with HMRC or the UK government. The information provided is for reference only and should not be considered professional tax advice. Always consult official HMRC guidance or a qualified tax professional.

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