Collection

Alternative Investment Fund Managers Directive (AIFMD) tax mechanism

Download legislation and guidance on the new AIFMD mechanism, including relevant forms to elect into the mechanism and make returns to HM Revenue and Customs (HMRC).

Legislation

The legislation for the AIFMD mechanism can be found in Part 3 of Schedule 17 to the Finance Act 2014.

Technical note and guidance

HMRC published a technical note and guidance on several aspects of the changes to partnership taxation, alongside the legislation.

Election form and guidance

In order to make use of the mechanism, firms must elect to HMRC in writing, within 6 months of the end of the first period of account for which they wish to use the mechanism.

Special return and guidance

In a year when the firm wishes to make use of the mechanism, it must make a special return to HMRC.

Vesting form and guidance

In a year when there is a vesting event, firms must notify HMRC of that event.

Published 29 January 2015