Hargreaves Lansdown has revealed HM Revenue & Customs (HMRC) is appealing the ruling of a tax tribunal, which ruled in favour of the platform giant for rewarding loyal clients with a 'discount' tax, and could lead to £15m in charges being returned to 150,000 investors.
In March, Hargreaves Lansdown announced it had won a 'discount tax' challenge against HMRC after it introduced 'loyalty bonuses' - discount provided against the ongoing management charges - for clients...
UK recovery mandate marking 10 years
Concerns rally is overextended
Female millennials invested 40% more year-to-date
Will compare with May 2017 results
Jane Ambachtsheer joins as global head of sustainability