Three debt advisors have been warned by advertising watchdog
their marketing tactics.
Begbies Traynor business W3 Debt Solutions, Money Debt & Credit and
Accuma were told to alter or stop adverts for exaggerating the benefits for
individuals entering into IVAs.
The challeneges against the advertised claims were made by rival IVA provider
For example, DFD challenged Accuma on its advert that claimed people could
get up to 80% of their debt wiped off. The ASA said the percentage was not
representative of most cases, which would not wipe off as much debt when the
firm’s fees were taken into account.
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
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"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group