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IFAs&#39 tax advantage almost wiped out

The Chancellor created a very favourable tax environment for small limited companies in his Budget.

I wonder if sole-trader IFAs like myself who now wish to re-register their businesses as limited companies are dismayed by the total time-wasting fiasco of having to re-apply from scratch to join the FSA, incurring another £2,000 fee which wipes out a sizeable chunk of the first year&#39s tax advantage?

Hilary Woodward

Dereham, Norfolk

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