Hargreaves Lansdown has revealed HM Revenue & Customs (HMRC) is appealing the ruling of a tax tribunal, which ruled in favour of the platform giant for rewarding loyal clients with a 'discount' tax, and could lead to £15m in charges being returned to 150,000 investors.
In March, Hargreaves Lansdown announced it had won a 'discount tax' challenge against HMRC after it introduced 'loyalty bonuses' - discount provided against the ongoing management charges - for clients...
Hires Wellington Management
Introduces 'The Long Dog'
Continuing Square Mile’s series of informal interviews
Happy GDPR day