TITLE

PFS revises VAT guidance on rejected recommendations

AUTHOR(S)
Holt, Natalie
PUB. DATE
February 2013
SOURCE
Fundweb;2/12/2013, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the value added tax (VAT) guidance has been revised by the Personal Finance Society (PFS) on recommendations which are rejected or no action is needed following a review. The PFS forces reviews to be exempted on the basis they are minor element of the overall supply. Fay Goddard, chief executive officer of PFS said that VAT discussion has been been supported by work from consultancy firm Engage Partnership.
ACCESSION #
85598375

 

Related Articles

  • HMRC backtracks on VAT for ongoing advice. Holt, Natalie // Money Marketing (Online Edition);10/17/2012, p23 

    The article offers statements from Great Britain Her Majesty's Revenue & Customs (HMRC) backtracking on its view that ongoing advice services should be subject to value-added tax (VAT) following industry pressure. It notes that the HMRC recognizes VAT-exempt ongoing advice from ongoing charges...

  • Fay Goddard: 'I do not underestimate the challenges facing advisers'. Holt, Natalie // Money Marketing (Online Edition);11/12/2012, p16 

    The article reports on the worry of Personal Finance Society (PFS) chief executive Fay Goddard about bias made by adviser charging facilitation in Great Britain. Goddard states that she has almost achieved her five year vision for PFS which is to support the adviser community surpassed the...

  • PFS says VAT rules don't fit with service-led models.  // Money Marketing;9/27/2012, p21 

    The article focuses on the value added tax (VAT) rules in service-led models. According to Personal Finance Society chief executive Fay Goddard, professional charging should be not vat-exempted and should be under vat liabilities law. It adds that vat rule should have not changed if the business...

  • PFS presses HMRC for VAT clarity. Blackmore, Nicole // Money Marketing;8/1/2012, p2 

    The article explains the final retail distribution review (RDR) guidance on value added tax (VAT) liability published in March 2012. It discusses concerns of the Personal Finance Society (PFS) on the treatment of discretionary investment advice which seeks clarification from the Her Majesty...

  • PFS worried for RDR business profitability.  // Money Marketing;9/27/2012, p21 

    The article focuses on Retail Distribution Review (RDR) business profitability. Personal Finance Society chief executive Fay Goddard has raised concern that advisers have not addressed the impact of adviser charging on profitability. Meanwhile, Vanguard head of sales Neil Cowell suggests that...

  • Goddard: 'Firms shouldn't be forced to get QCF level 6 qualifications in future'.  // Money Marketing;11/15/2012, p10 

    The article reports on the position of Personal Finance Society (PFS) chief executive Fay Goddard that the British regulator should not force advisers to attain Qualifications and Credit Framework (QCF) level six qualifications. Goddard stated during the PFS annual conference that she was...

  • Fay Goddard: 'Firms should not be forced to get QCF level 6 qualifications in future'. Holt, Natalie // Money Marketing (Online Edition);11/15/2012, p91 

    The article reports that Personal Finance Society (PFS) chief executive Fay Goddard has said that the regulator should not compel financial advisors to attain future QCF level six qualifications. She reveals that any effort to push up the minimum qualification from QCF level four would be...

  • Fay Goddard. York, Nicola // Money Marketing;4/23/2009, p37 

    The article presents profile of Fay Goddard, chief executive officer (CEO) of individual financial advisor Personal Finance Society in Great Britain. Goddard is known for her advocacy in lobbying regulatory issues that affect the financial services industry to the Financial Services Authority...

  • PFS pushes for clearer SPS withdrawal rules.  // Money Marketing;11/17/2011, p10 

    The article reports that the Personal Finance Society is urging for legal clarity over the amount of information that can be shared by accredited bodies if a rogue adviser's statement of professional standing (SPS) is withdrawn. At the 2011 PFS annual conference, PFS chief executive officer...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics