Freedom clients face £66m tax hit

Pow, Helen
September 2009
Money Marketing;9/17/2009, p1
The article reports on the lawsuit filed by HM Revenue & Customs (HMRC) against pension administrator Freedom Sipp in Great Britain. The lawsuit was filed due to a dispute between Freedom Sipp and HMRC involving outstanding value-added-tax (VAT) payments. It indicates that HMRC's appeal may de-register the pension scheme of Freedom Sipp which could provide a tax charge of 66 million pounds to its clients.


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