Policy paper

Revenue and Customs Brief 4 (2013): payments of trail commission

HM Revenue and Customs’ tax treatment of ‘trail commission’ paid to investors in Collective Investment Schemes and life insurance policies.


Draft guidance

Technical note for tax professionals


Revenue and Customs Brief is a bulletin giving information on developments and changes of interest. They are used to announce changes in policy or to set out the legal background to an issue and have a 6 month life span.

Published 25 March 2013