VAT

HMRC says VAT is chargeable on contract-based DC advice

IFAonline | 18 Apr 2013 | 11:45

Advisers setting up group personal pensions (GPPs) must add VAT to the charges they levy on employers, HM Revenue and Customs (HMRC) has confirmed.

HM Revenue and Customs
hmrc-homepage

London barrister jailed after gambling away tax owed

A barrister who failed to pass on his VAT to HM Revenue and Customs (HMRC) has been jailed for tax fraud.

IFAonline | 15 Mar 2013 | 12:20
European Court of Justice

HMRC wins £2bn pension scheme VAT case

The National Association of Pension Funds (NAPF) and Wheels Common Investment Fund (WCIF) have lost their bid to recoup £2bn in backdated VAT on investment management services for defined benefit pension schemes.

IFAonline | 07 Mar 2013 | 12:14

Other VAT articles

HM Revenue and Customs

VAT-able or not? Four examples for advisers

The Personal Finance Society (PFS), in conjunction with consultants Engage Partnership and following lengthy discussions with HMRC, has produced a paper outlining the applicability of value added tax (VAT) on a number of advice scenarios, including ongoing services.

IFAonline | 12 Feb 2013 | 11:04
HM Revenue and Customs

Barrister guilty of tax £600k fraud spent money on luxury homes

A barrister who failed to pay more than £600,000 in value added tax (VAT) that he instead spent on luxury homes has been convicted for tax fraud.

IFAonline | 11 Feb 2013 | 15:47
HM Revenue and Customs

HMRC to publish guidance on VAT payment for DFMs

HM Revenue & Customs (HMRC) is to publish further guidance on whether discretionary fund managers should be eligible for VAT payments.

IFAonline | 09 Oct 2012 | 07:15
steve-patterson

PFS VAT guidance must be revised – Intelligent Pensions

The Personal Finance Society’s paper on VAT and Adviser Charging contains a “significant error” and must be “urgently revised”, warns a pension expert.

Retirement Planner | 05 Oct 2012 | 14:19
black-friday-checklist

When should you charge VAT on advice?

The Personal Finance Society has issued a guide to help advisers understand when they should and should not charge value added tax (VAT) on their services.

IFAonline | 28 Sep 2012 | 10:54
gregg-mcclymont

This week’s news... condensed

The pick of this week's articles on IFAonline...

IFAonline | 27 Jul 2012 | 15:54
jason-butler

Adviser wins £260k VAT case against HMRC

Her Majesty's Revenue & Customes (HMRC) is to repay an adviser £259,000 for incorrectly charging VAT on intermediary services.

IFAonline | 24 Jul 2012 | 12:00
david gauke

Treasury minister: paying cash in hand is ‘morally wrong’

Treasury minister David Gauke has said it is “morally wrong” to pay tradesmen in cash, in the hope of avoiding tax.

IFAonline | 24 Jul 2012 | 10:13
taxtalk

What if clients ask: 'do you take cash?'

What would your response be to a client who wanted to pay you cash in hand, asks Mark Lisle, compliance manager of Rowanmoor.

IFAonline | 12 Jul 2012 | 08:00
lawrence-gosling2

Gosling's Grouse: Why tax dodging isn't so funny in real life

Consider the following characters: Del Boy from Only Fools and Horses; Walker from Dad’s Army; and George from Minder. What do they all have in common? They did not pay any tax.

IFAonline | 02 Jul 2012 | 10:00

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