LONDON (Reuters) - Car service Uber is using a gap in EU and UK tax rules to avoid incurring sales tax on the booking fees it charges drivers in Britain , a practice a senior politician said was unfair to competitors and defied the intent of the law.
Shanta Gold (LON:SHG) has received a US$3.4mln VAT refund, made up of a US$1.9mln offset against corporate taxes payable in 2016 and 2017 and a cash payment to the company of US$1.5mln. The current VAT ... year to 10. The 10 new portfolios should.
Gina Miller-led manager launches new Sipp as it reforms fees Money Marketing.
Another promise made by the Prime Minister at conference to freeze fees with more detail expected on another key ... at which those set up as a business in themselves must pay VAT, from £85,000 currently. A review earlier this month by the Office of.
Tens of thousands of eBay sellers in the UK will be forced to pay 20 per cent value added tax on their fees when the online marketplace overhauls its corporate structure later this year. Sellers living in Britain have been told by eBay that they will.
Last year HMRC asked Birmingham-based Barnett Ravenscroft Wealth Management to pay back £160,000 on uncharged VAT on initial fees . .... Another aspect of the issue is with discretionary fund managers (DFMs) and how the rules apply to their service.
Updated VAT Treatment ... of an investment fund management service (i.e. it involves the constant monitoring of the fund’s assets as distinct from periodic or general research) and where the fund must be a special investment fund such as a UK authorised.
Many pension schemes will need to obtain a Legal Entity Identifier (LEI) from the London Stock Exchange by 3 January 2018 in order for their investment managers to be able to continue to trade on financial markets in the UK on the scheme's behalf. From.
Sanford Bragg, a principal at Integrity Research Associates, told Bloomberg: "Asset managers will not increase their research budgets to accommodate VAT charges , so any VAT amounts due on research will simply drain a portion of the budgets, putting.
In a letter in February HMRC argued there is no VAT exemption for the introduction of the platform, as it said it is the platform which contacts third parties, i.e. fund managers , and it is the third party which 'executes and makes the investments.