Emeritus Prof Christopher May on Nostr: Another day, another successful bit of lobbying by financial services.... HMRC was ...
Another day, another successful bit of lobbying by financial services....
HMRC was seeking to end the VAT exemption for UK investment fund services - yes that's the VAT we all pay on services we use, but not those lucky bankers who receive investment services VAT free.
However, the Govt. is stopping the HMRC form doing this after (yes you guessed it) lobbying from financial services.
But, hey that VAT shortfall can be paid for by cutting benefits so that's alright then!
#politics
h/t FT
HMRC was seeking to end the VAT exemption for UK investment fund services - yes that's the VAT we all pay on services we use, but not those lucky bankers who receive investment services VAT free.
However, the Govt. is stopping the HMRC form doing this after (yes you guessed it) lobbying from financial services.
But, hey that VAT shortfall can be paid for by cutting benefits so that's alright then!
#politics
h/t FT