Advisers setting up group personal pensions (GPPs) must add VAT to the charges they levy on employers, HM Revenue and Customs (HMRC) has confirmed.
A barrister who failed to pass on his VAT to HM Revenue and Customs (HMRC) has been jailed for tax fraud.
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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.
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.
The Personal Finance Society’s paper on VAT and Adviser Charging contains a “significant error” and must be “urgently revised”, warns a pension expert.
Treasury minister David Gauke has said it is “morally wrong” to pay tradesmen in cash, in the hope of avoiding tax.
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.
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