Why taxpayers should not withdraw claims after Wheels

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Why taxpayers should not withdraw claims after Wheels

April 24 2013
bike-puff.jpg

Nick Skerrett and Matthew Rees, of PwC, explain why the European Court of Justice’s (ECJ) ruling in the case of Wheels Common Investment Fund Trustees v HMRC means the question of VAT on investment management fees in the context of pensions remains unresolved and why taxpayers should not withdraw their claims just yet.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

FeatureSponsoredITR MagazineMay 2013
more across site & shared bottom lb ros

More from across our site

Indirect Tax
US tariffs
‘Refunds likely to be a mess’: US Supreme Court strikes down Trump’s tariffs
The levies extended beyond the president’s ‘legitimate reach’, the Supreme Court ruled
Sam Sholli, February 20 2026
Direct Tax
Aerial view of Christ and Botafogo Bay from high angle.
A taxing week: Despite major tax reform, Brazil’s hiring slowdown should come as no surprise
While Brazil’s consumption tax overhaul led to a short-term spike in tax advisory demand, we are now in a period of ‘normalisation’ marked by decreased recruitment
Sam Sholli, February 20 2026
Direct Tax
BDO
This week in tax: BDO UK and BDO Ireland rubber-stamp $1.5bn merger
The expanded firm will comprise roughly 8,500 employees, including 550 partners; in other news, Paul Hastings and Macfarlanes made senior tax hires
Sam Sholli, February 20 2026
Transfer Pricing
US Venezuela flags
Advisers clash over Venezuela’s TP evolution in post-Maduro world
Meanwhile, one expert highlights the importance of separating Venezuela’s tax authority from direct political control after ‘lost decades and isolation’
Sam Sholli, February 19 2026
Direct Tax
jakarta-indonesia 600 x 375
Beyond compliance theatre: Indonesia’s new era of tax transparency
With PMK 108, Indonesia has upgraded its tax transparency regime for the digital era, focusing on data quality, governance, and cross border exchange rather than expanding regulatory reach
Gitarani Prastuti , February 18 2026
Direct Tax
Isometric 3d render of blue horseshoe magnet pulling diverse crowd concept of social influence brand magnetism user acquisition recruitment strategy and audience growth
Why one tax firm is happy for associates to leave
In a popular LinkedIn post, Jeremie Beitel encouraged firms to invest in junior talent even if it doesn’t lead to their loyalty, though recruiters offered ITR a mixed assessment
Tom Baker, February 18 2026
Direct Tax
hmrc.jpg
HMRC issues new guidance for online tax adviser registration system
Advisers who do not register for the new regime in time could be prevented from interacting with HMRC, the tax authority said
Sam Sholli, February 17 2026
Direct Tax
Richard Nugent.jpg
Pillar two not hollowed out by side-by-side deal: US tax leader
Valid pillar two objectives are still intact after the side-by-side agreement, but whether the framework is now settled is ‘a $64,000 question’, Morrison Foerster’s tax chair told ITR
Sam Sholli, February 16 2026
Direct Tax
ian halligan resized.jpg
Baker Tilly International appoints new global head of tax
Ian Halligan previously led Baker Tilly’s international tax services in the US
Sam Sholli, February 16 2026
Direct Tax
What Corporates Want 2025 840x473 article header (1).png
A taxing week: DEI was slipping down the US agenda with or without Trump
Exclusive ITR data emphasises that DEI does not affect in-house buying decisions – and it’s nothing to do with the US president
Tom Baker, February 13 2026
Gift this article