We are analysing your feedback
Visit this page again soon to download the outcome to this public feedback.
Detail of feedback received
Five responses were received from industry representatives, an accountancy firm and a firm of solicitors - all supportive of the measure. Comments were confined to minor suggestions relevant to drafting.
Draft regulations have been published for comment for a four week period.
The white list provides certainty that specified transactions will not be treated as trading activities and also acts to determine the types of investment transactions that may qualify for the investment manager exemption.
The Government announced at Budget 2013 that it would consult on proposals to expand the white list. HM Revenue & Customs (HMRC) are asking for views on the scope of the extension.
HMRC would like to hear in particular from tax practitioners, fund managers, representative bodies, administrators and other interested parties.