Policy paper

Investment managers: disguised fee income

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

Documents

Investment managers: disguised fee income

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.

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