Has a corporate trustee liability for meeting VAT debts of the representative member?
Normally all group members are jointly and severally liable for tax due from the representative member. In the case of a corporate trustee, however, we are advised that this liability does not extend to the assets of any trust, for example a pension fund of which the corporate trustee is the trustee, except to the extent the group VAT debt is attributable in whole or in part to the administration of the trust.
