International - Why VAT Is Important for Investment Funds and Their Managers
- C. Braquet; S. Heydari; E. van Kasteren
- Derivatives & Financial Instruments, 2010 (Volume 12), No 5
- 16 September 2010
Focusing on Luxembourg, the Netherlands and the United Kingdom, this article considers the most important VAT rules applicable to cross-border fund accounting services, investment advice, custody services and publication of the net asset value of investment funds, rendered to investment funds. Such VAT rules are applied differently within the European Union, even though they are based upon the EU VAT Directive, and VAT should no longer be ignored for the reasons set out hereafter.