Consultation outcome

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.

Original consultation

Summary

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.

This consultation ran from
to

Consultation description

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.

Documents

Interest distributions from Authorised Investment Funds paid without deduction of tax

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 22 July 2013
Last updated 3 January 2014 + show all updates
  1. Consultation outcome added.
  2. First published.