UK Taxation Update for Investment Managers

April 01, 2016

The shifting sands of the taxation landscape for investment managers continues apace. Just when you perceive an oasis of stability on the horizon, it is revealed to be a mirage by the announcement of yet further changes.

A number of unsettling changes have recently been made to the UK taxation of investment management fees, carried interest and performance related returns. The recent March Budget and related revised Finance Bill 2016 have introduced yet further changes to an already complex set of rules. Much of the new detail included in the latest version of the Finance Bill results from HMRC’s commendable desire to listen to sensible and appropriate industry lobbying, but the added complexity and detail now present in the legislation will add to the cost of compliance and should not be underestimated.

Read "UK Taxation Update for Investment Managers."