HMRC mulls VAT/CGT guidance for post-RDR charging

With the requirement to move away from the traditional commission model, advisers have been seeking more details on what part of the service they provide will be VAT-chargeable. In a letter to the financial services sector coinciding with the Budget, HMRC highlights the RDR as one area of ongoing interest and points out the concerns which have been raised. It says: "Ministers understand that many advisers and the wider industry are keen to develop systems and appropriate business models ahead of the deadline for changes. "In light of this, HM Treasury and HMRC officials have been w...