Hargreaves Lansdown clients lose out on £15m in rebates as HMRC wins legal battle
Taxation of loyalty bonuses
Hargreaves Lansdown was the first to launch a legal challenge in March 2013
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....
More on Companies
Regulators launch 'the grid' to map out upcoming rule changes
Upcoming regulatory work
FCA accelerates 'digital sandbox' pilot plans amid coronavirus
Encourage collaboration
Investment Association warns of 'heightened criminal activity' from coronavirus scammers
Jump in phishing and 'smishing' tactics reported
FCA extends regulatory reporting deadlines up to 30 June
Administrative fee waived
Funds industry set for fresh regulatory wave amid questions of 'systematic importance'
Sector unlikely to be cause of any impending financial crisis
Back to Top
More news
Royal London to sell Ascentric platform to M&G
£100m re-platforming
Keith Churchouse: You represent yourself first before others, even virtually
How do you appear online?
TPR chief warns of increased demand for DB transfer CETVs
CETV could be delayed too
ESG-conscious Nest members neglecting pensions
4% said ESG mattered "a lot"