Uk Vat Investment Management Fees


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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.

Proactive news snapshot: Victoria Oil & Gas, Shanta Gold, Belvoir Lettings,Cabot Energy - Proactive Investors UK
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.

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Budget 2017 UK predictions: What you can expect from the chancellor's Autumn Budget
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.

UK eBay sellers to be forced to pay 20% VAT on fees - Financial Times
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.

'Outdated' VAT laws leave HMRC threat to advice fees - Citywire.co.uk
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.

VAT and Research Fees post MiFID II
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.

Deadline looming for pension schemes to obtain a Legal Entity Identifier - Lexology
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.

HMRC consults on applying VAT charge to research payments under MiFID II - Investment Week
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.

HMRC backs down in landmark £620k VAT advice fee case - Citywire.co.uk
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.


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