Financial Advice (VAT) (Hansard, 14 June 1999)

HC Deb 14 June 1999 vol 333 c31W 31W

§ Mr. Flynn
To ask the Chancellor of the Exchequer if he will remove VAT on fee-based financial advice. [86935]

§ Ms Hewitt
No. VAT liability depends upon what service is provided and whether it is paid for. Financial advice for which a charge is made is liable to VAT at the standard rate. This is a requirement of European law.