HMRC says VAT is chargeable on contract-based DC advice
Advisers setting up group personal pensions (GPPs) must add VAT to the charges they levy on employers, HM Revenue and Customs (HMRC) has confirmed.
In a brief issued on 17 April, HMRC said businesses advising on GPPs and employers receiving their services should be aware that fees on GPP advice will attract VAT. Previously it had been common for...
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