Offshore Funds: New Reporting Funds Regulations

September 10, 2009
HM Revenue & Customs recently published the latest draft of the Offshore Funds (Tax) Regulations 2009. The Regulations will implement the incoming “reporting funds” regime set to take effect on or after 1 December 2009. This update takes a closer look at the new Regulations, which include changes to the income distribution and fund investment requirements for the UK hedge fund management industry and UK resident investors.