VAT: A call to action

We will then take your concerns direct to HMRC before it issues key VAT guidance in the next couple of months. The Professional Adviser and Fidelity FundsNetwork campaign wants advisers to unite around the arguments and lead the debate on VAT, instead of giving the taxman and policymakers a free hand to tighten the rules. Current European Union tax laws, which govern the UK’s legislation, remain unchanged post-2013. However, the RDR’s abolition of a clear link between the product and the charge in the form of commission has left IFAs confused over what part of their service will be VA...