RSMR removes VAT from managed portfolio service

The move will apply to all 12 portfolios in the MPS, made up of three Responsible Portfolios and nine Active 2-10 portfolios. DFMs have steadily been removing VAT from their offerings over the past year following a decree by the taxman that it was not necessary. Don't look VAT in anger: Is the MPS trend here to stay? Director Ken Rayner said: "We have been supporting the advice sector by rating funds since our launch in 2004, including responsible funds since 2012, and we have been managing portfolio solutions for the sector since 2012. "We want to ensure that the RSMR MPS remain...