Canaccord Genuity WM removes VAT from MPS range

Follows HMRC ruling change

Pedro Gonçalves
clock • 1 min read
The decision to remove VAT follows industry discussions with HMRC
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The decision to remove VAT follows industry discussions with HMRC

Canaccord Genuity Wealth Management (CGWM) UK will no longer be charging VAT on its managed portfolio services (MPS), both direct and platform, from June 2021.

Prior to a recent ruling by HMRC, CGWM was required to charge 20% VAT in addition to management fees on these services, including MPS, ESG Portfolio Service and the Passive Portfolio Service. Paul Parker,...

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