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VAT on platform charges, or not as the case may be?

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  • puk999
    puk999 Posts: 552 Forumite
    Ninth Anniversary 500 Posts
    HMRC are the ones who came up with the complicated rules aren't they? Seems a little unfair to insult IFAs on this point.
  • rpc
    rpc Posts: 2,353 Forumite
    puk999 wrote: »
    HMRC are the ones who came up with the complicated rules aren't they? Seems a little unfair to insult IFAs on this point.

    Well perhaps they are cakes then. Or was that a biscuit?

    I think the only insult is to the impenetrable tax rules we have.
  • gadgetmind
    gadgetmind Posts: 11,130 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    puk999 wrote: »
    Seems a little unfair to insult IFAs on this point.

    I wasn't insulting IFAs or knobs!
    I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.

    Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
  • Perelandra
    Perelandra Posts: 1,060 Forumite
    ctdctd wrote: »
    Cooker knobs are way better.
    My amplifier knob only goes up to 10 but the cooker one goes all the way to 300..........
    :p

    My amplifier knob goes to 11, for when I need that extra push over the cliff.
  • puk999
    puk999 Posts: 552 Forumite
    Ninth Anniversary 500 Posts
    gadgetmind wrote: »
    I wasn't insulting IFAs or knobs!

    My apologies. I posted a bit hasty. I see the analogy now :)
  • dunstonh
    dunstonh Posts: 119,634 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    gadgetmind wrote: »
    I wasn't insulting IFAs or knobs!

    I wasn't insulted. Plus, I know a few IFAs who could easily fit the description in the "other" sense. ;)
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • rpc
    rpc Posts: 2,353 Forumite
    dunstonh wrote: »
    I wasn't insulted. Plus, I know a few IFAs who could easily fit the description in the "other" sense. ;)

    But do your clients get cakes or biscuits and are they VATable? Do you stock Pringles in order to avoid the VAT on crisps? Do you have to pay an accountant to manage taxes on your snack cupboard?

    Need more cake...
  • dunstonh
    dunstonh Posts: 119,634 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    But do your clients get cakes or biscuits and are they VATable?

    This may be a bit Norfolk but it actually tends to be the other way around. I am frequently get supplies of runner beans, bottles of drink (often homemade), tomatoes, jam, mustards and chutneys, cakes baked for me, biscuits and even sandwiches made.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • talexuser
    talexuser Posts: 3,528 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    dunstonh wrote: »
    This may be a bit Norfolk but it actually tends to be the other way around. I am frequently get supplies of runner beans, bottles of drink (often homemade), tomatoes, jam, mustards and chutneys, cakes baked for me, biscuits and even sandwiches made.

    But do you pay VAT on them? :):):)
  • SnowMan
    SnowMan Posts: 3,676 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 19 March 2014 at 12:54PM
    ATS have confirmed they are removing VAT from their platform charge (ISAs and dealing accounts) from 1st May (more than enough for a quarterly :beer:)

    http://www.alliancetrustsavings.co.uk/forms-documents/news/Alliance-Trust-Savings-announces-the-removal-of-VAT-from-ISAs-and-IDAs.pdf
    I came, I saw, I melted
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