VAT

Industry trend

VAT operational issues explored

Reporting to John Husselbee

All-in cost of 0.25% for 7IM Active portfolio

MPS OCF reduced by 3 basis points

Cut to 5% for six months

Follows HMRC ruling

VAT receipts up 60% in 10 years

Financial advisers are among the small and medium size businesses being "aggressively" targeted by HMRC for VAT payments, contributing to a 10% jump in VAT taken from SMEs in the last year, according to a national accountancy group.

An industry trade body is warning investors about the risks of putting money into store pod investments advertised by a former Top Gear presenter, based on what it says are inaccuracies in the scheme's marketing material.