Brooks Macdonald scraps VAT from MPS range
Change has been effective since 1 January
The decision to remove VAT follows industry discussions with HMRC
Brooks Macdonald has stopped applying VAT on the group's managed portfolio service (MPS) from 1 January.
The change applies to the firm's custody MPS and those held on third-party platforms. Brewin cuts VAT from managed portfolios A spokesperson for Brooks Macdonald said: "Following guidance from HM...
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