Changes to the UK Tax Treatment of Fee Rebates and Trail Commissions

March 28, 2013

In the week commencing 25 March 2013, HM Revenue & Customs (“HMRC”) made a surprise announcement regarding the tax treatment of fee rebates and similar payments made to UK investors in collective investment schemes and other investment products. The announcement advises that such payments are taxable and, in the case of payments made by UK entities, should be paid to investors subject to a withholding in respect of basic rate income tax. This announcement is of immediate relevance as it affects payments made for the tax year commencing 6 April 2013.

Read “Changes to the UK Tax Treatment of Fee Rebates and Trail Commissions“.