Fund investors face paying income tax on "loyalty bonuses" paid by fund supermarkets from 6 April, reports Nick Huber.
HMRC has ruled that the payments are "annual payments" and should therefore be taxed as income, starting in the new tax year.
Hargreaves Lansdown, the largest payer of loyalty bonuses on funds in the UK, called it...
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.