The European Court of Justice (ECJ) held a hearing on 12 September to examine whether workplace defined benefit pension funds should have to pay VAT on investment management services. Pension schemes could save about £100m a year in VAT if the Court agrees the fees should be exempt. The ECJ is considering the case after a Tribunal hearing held in February last year decided that the ECJ should interpret the scope and meaning of the VAT exemption. The National Association of Pension Funds (NAPF) and Wheels Common Investment Fund (WCIF) - with its underlying Ford Motor Company pension schemes - have been fighting a long running legal battle which was initiated in 2008 following a JP Morgan Fleming Claverhouse Investment Trust pic ruling in the ECJ.
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机译：欧洲法院（ECJ）于9月12日举行听证会，以审查工作场所固定收益养老金基金是否应就投资管理服务缴纳增值税。如果法院同意应免除这些费用，养老金计划每年可节省约1亿英镑的增值税。在去年2月举行的法庭听证会上，欧洲法院正在考虑此案，欧洲法院应解释免税的范围和含义。全国养老基金协会（NAPF）和惠斯共同投资基金（WCIF）及其相关的福特汽车公司的养老金计划，一直在与长期的法律斗争进行斗争，该斗争是在JP摩根·弗莱明·克拉弗豪斯投资信托（PIC Morgan Fleming Claverhouse Investment Trust）图片裁决后于2008年发起的在欧洲法院。
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