Interest distributions from Authorised Investment Funds paid without deduction of tax
This consultation has concluded
Detail of outcome
Seven responses were received from industry representative bodies, accountancy firms and a fund administrator, all supportive of the measure. Comments were confined to minor suggestions relevant to drafting.
The regulations to bring in the change were published on 29 December 2013.
A Tax Information and Impact Note was published on the same date.
This consultation ran from
Consultation on a proposal to remove the requirement to withhold tax on interest distributions on UK domiciled bond funds when sold via reputable intermediaries and marketed only to non–UK investors.
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The Government announced at Budget 2013 that it would consult on a proposals set out in this document.
HM Revenue & Customs would like to hear in particular from tax practitioners, fund managers, representative bodies, administrators and other interested parties.