HM Revenue and Customs (HMRC) has issued fresh guidance on its decision to tax unit rebates after receiving a number of queries from fund groups and platforms.
In March 2013 HRMC announced that, as well as banning cash rebates, unit rebates paid from fund groups to clients would be taxed at the basic rate, with higher-rate taxpayers having to self-assess. ...
£92bn transferred since 2015
Achievements, charity work and other happy snippets
Since first announcement