HM Treasury Rethinks the Tax Treatment of Fee Rebates

May 22, 2013

In a Written Ministerial Statement made in UK Parliament on 21 May 2013, Treasury Economic Secretary Sajid Javid MP announced the Treasury’s intention to make a crucial and very welcome clarification to the recent HMRC Brief 04/13 on fee rebates. In short, Brief 04/13 stated that fee rebates – defined as payments to fund investors made by persons other than the fund itself – should be paid subject to withholding tax and should be taxable for investors.

Read “HM Treasury Rethinks the Tax Treatment of Fee Rebates“.