Tilney Smith & Williamson has become the latest wealth manager to stop applying VAT to its managed portfolio service (MPS) offering.
The decision, effective from 1 January 2021, means that VAT will no longer be charged on the Smith & Williamson Managed Portfolio Service, the Tilney Managed Portfolio Service, Tilney Platform Model Portfolios and the Tilney Sustainable Managed Portfolio Service.
It follows similar moves from competito...
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