Hargreaves Lansdown (HL) has lost a legal battle with HM Revenue & Customs (HMRC) regarding the taxation of loyalty bonuses.
The victory for HMRC follows an appeal it launched in May last year against the decision of a tax tribunal, which had ruled in March 2018 that loyalty bonuses - such as those offered by HL - are not taxable....
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow