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Tax: Interest Rate Hedging Products

01 September 2014

Tax: Interest Rate Hedging Products - read more on how these products were mis-sold

Customers sold IRHP entitled to compensation following industry review

HMRC has recently commented on the potential tax implications where companies receive redress or compensation payments from their bank or other lender. Some customers have already begun to receive what are to be known as ‘redress payments’. This follows an industry-led review of the way some Interest Rate Hedging Products (IRHP) were sold and the identification, by the Financial Conduct Authority (FCA), of ‘failings’ in the sales process.

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