Regulated investment advice

Produced by a Tolley Personal Tax expert

Personal Tax

Guidance

Summary

Advice that you give to your client may fall under the category of regulated investment advice, in which case you must not give advice unless you are suitably qualified and authorised to do so.

The Financial Services Act 2012 came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority.

Specifically, FSA 2012 gave the Bank of England responsibility for financial stability, bringing together macro and micro prudential regulation, created a regulatory structure consisting of the Bank of England’s Financial Policy Committee, the Prudential Regulation Authority and the Financial

Continue reading

To read the full Guidance note, register for a free trial of Tolley+™

TAKE A FREE TRIAL

Popular Articles

Corporation Tax

Foreign exchange issues

Foreign exchange issuesOverview of foreign exchange provisionsForeign exchange (FX) movements are generally taxed following the rules applicable to the underlying income, expenditure, asset or liability on which they arise, broadly as follows:Capital assetsOn a realisation basis (ie on disposal)

14 Jul 2020 11:44 | Produced by Tolley Read more

Owner-Managed Businesses

Sales, advertising and marketing

Sales, advertising and marketingExpenditure on sales, advertising and marketing activities may include amounts which are disallowable for the purposes of calculating trading profits. This may be because the expenditure is:•capital in nature (see the Capital vs revenue expenditure guidance note)•not

14 Jul 2020 13:28 | Produced by Tolley Read more

Trusts and Inheritance Tax

Corrections and amendments to the IHT account

Corrections and amendments to the IHT accountThis guidance note explains how to deal with changes to the taxable values in the original inheritance tax account.Why do amendments arise?When the IHT account is first submitted to HMRC, it is based on information available at an early stage of the

14 Jul 2020 11:20 | Produced by Tolley Read more

��Ӱ��