Introduction
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The FSA’s Retail Distribution Review, which will take effect on 31st December 2012, aims to make adviser charging more transparent to clients. It is hoped that the new rules will make advisers less biased as their remuneration will be agreed on by the adviser and the client, rather than the provider.
However, under VAT rules, fees paid for advice are VAT chargeable, whereas commission for intermediary services is normally VAT exempt. HMRC has confirmed guidance that VAT will not be chargeable on financial adviser's fees if the customer agrees to buy a retail investment product as a result of the advice. Advisers will need to keep sufficient evidence to support their tax treatment as failure to do so will prove costly.
Webinar details
Live Broadcast date:
Thursday 17 May 2012
15:30:00
Location:
At your desk
On your Laptop or PC
Event price:
£89
For information on multi-user discounts visit the Delegate Information tab above
2
CPD
Hours
