JamesmiaaAva
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- JamesmiaaAva
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@benjaminfabi said: Hi, My advice is get professional advice. VAT is not simple in financial services. Interpretations of the VAT charging exemptions vary considerably in my experience. Thanks for your reply, Benjamin. I will go my…
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@TomLloyd_Read said: The DFM specific HMRC legislation is here https://www.gov.uk/hmrc-internal-manuals/vat-finance-manual/vatfin5800 All of the legislation is here https://www.gov.uk/hmrc-internal-manuals/vat-finance-manual/…
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Totally agree with the points raised. Most IFAs I know still treat all advice fees as VAT-exempt, even when no product is involved. We’ve moved to a single agreement covering all stages to stay on the safe side. But honestly, I’ve never seen HMRC ch…
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@TomLloyd_Read said: Bit of a grey area so no wonder there are differences of opinion! Offshore bonds do not appear specifically in the VAT manual but they should fall under the definition of a retail investment product and therefore the initial …