Thorntons Investments scraps VAT charges on MPS

HMRC review has prompted the changes across the industry

Dundee-headquartered wealth manager, Thorntons Investments, has scrapped VAT from its AIM Inheritance Tax and Managed Portfolio Service (MPS).

The move will see an investor with a £200,000 AIM portfolio better off by £2,000 over a five-year period, the firm said. The decision to remove VAT follows an industry review from HMRC and while several...