Policy paper

Investment managers: disguised fee income

This Tax Information and Impact Note is about investment managers disguised fee income.

From:
HM Revenue & Customs
Published
10 December 2014

Documents

Investment managers: disguised fee income

PDF, 19.8 KB, 2 pages

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Details

This measure announces that sums received by these individuals which are for investment management services will be charged to Income Tax and Class 4 National Insurance contributions, however they are described and whatever the legal form of payment. The measure will not affect returns reflecting performance of investments under management, commonly known as carried interest, nor investments by managers known as coinvestment.

Published 10 December 2014