VAT & Employees’ Pension Fund

Revenue eBrief No. 059/21

VAT & Employees’ Pension Fund

Tax and Duty Manual VAT & Employees’ Pension Fund has been updated to provide further clarification on the circumstances where an employer can claim deductibility for costs incurred in relation to an employee pension fund.

Extract:

Introduction
This manual sets out the VAT deductibility rules in respect of costs relating to the management of an employee pension fund.

1 VAT deductibility
A taxable person (the employer) is entitled to deductibility in respect of costs incurred in the setting up, on-going management, administration, and management of the assets of a pension scheme where certain conditions are met.