HMRC's final VAT guidance in full

VAT - The RDR New regulatory rules come into force on 31 December 2012 following the FSA's Retail Distribution Review (RDR). The key objectives of the RDR are to: Improve the clarity with which firms describe their services to consumers; Address the potential for adviser remuneration to distort consumer outcomes; And increase the professional standards of advisers. The new rules require advisers to move from receiving commissions to fees agreed with customers in respect of the retail investment products as defined by the FSA, which are: a) A life policy; or b) A unit; or c) A s...