Update: HMRC confirms talks over platform rebate tax plans

HM Revenue and Customs (HMRC) has confirmed it is consulting on whether to tax fund rebates paid to customers.

Currently rebates from platforms to consumers made in either unit or cash form are not subject to any additional taxation. However, the HMRC has told Investment Week it is considering amending the rules. It said in a statement: "The tax status of regular payments by platforms to investors under current legislation has been raised with HMRC and we are considering whether the correct tax treatment is being applied by the platforms and the recipients of such payments." The confirmation comes after Investment Week revealed the Revenue was looking into making the changes earlier this we...