Policy paper

Offshore funds: calculation of reportable income

This tax information and impact note gives guidance on the calculation of 'reportable income' from offshore funds.



This measure makes a change to the calculation of ‘reportable income’ from offshore funds (the measure of income on which UK investors pay tax) to prevent deduction of expenses that would not be charged to income for UK funds, and ensure all income is correctly brought into account.

Published 5 December 2016