Hargreaves Lansdown clients lose out on £15m in rebates as HMRC wins legal battle
Taxation of loyalty bonuses
Hargreaves Lansdown (HL) has lost a legal battle with HM Revenue & Customs (HMRC) regarding the taxation of loyalty bonuses.
The victory for HMRC follows an appeal it launched in May last year against the decision of a tax tribunal, which had ruled in March 2018 that loyalty bonuses - such as those offered by HL - are not taxable....
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