The Retail Distribution Review required that from 31st December
2012 all advisers must adopt 'Adviser Charging'.
This means that advisers can no longer be paid by commission,
through a product charge, by a product provider.
This paper aims to clarify the VAT implications that financial
advisers should be aware of. Following further consultation with
HMRC this paper is an update to the original guidance dated
It sets out some of the different scenarios that may occur within
the financial advice process and looks to provide clarity on the
associated VAT position in relation to the adviser charge.
Download the full paper here »