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HMRC internal manual

International Manual

International Manual: recent changes

Below are details of the amendments that were published on 09 April 2010 (see the update index for all updates).

Section Details of update
INTM269035 New page about the interaction of double taxation, and other legislation, with the Investment Manager Exemption (IME).
INTM269065 New page on the consequences of not meeting the conditions of the IME.
INTM269070 This page has been updated and now contains the 2009 definition of “investment transaction” as well as the earlier version.
INTM269072 New page which discusses Regulation 5 of The Investment Manager (Specified Transactions) Regulations 2009 which admits transactions in relevant contracts.
INTM269074 New page which discusses Regulation 6 of The Investment Manager (Specified Transactions) Regulations 2009 which admits transactions resulting in a loan relationship or related transaction.
INTM269076 New page which discusses Regulation 8 of The Investment Manager (Specified Transactions) Regulations 2009 which admits transactions in units in collective investment schemes.
INTM269078 New page which discusses Regulation 9 of The Investment Manager (Specified Transactions) Regulations 2009 which admits transactions in securities.
INTM269079 New page which discusses Regulation 11 of The Investment Manager (Specified Transactions) Regulations 2009 which admits transactions in carbon emission trading products.
INTM269080 This page has been updated to take account of the revised SP01/2001.
INTM269090 This has been expanded so that it now includes reference to the 18 month period of grace for a new investment management business.
INTM269100 This has now been expanded to include reference to the 18 month period of grace to meet the widely held test.
INTM269105 This is a new page which covers Non-residents trading in the UK: through UK investment managers, brokers or Lloyd’s agents - the independence test: master/feeder structures.
INTM269110 This page has been updated and now includes further detail on incentive allocations, options and structured products.
INTM269155 This is new page about the consequences of failure to meet the 20% rule (Non-residents trading in the UK: through UK investment managers, brokers or Lloyd’s agents).
INTM269170 This is a new page which provides guidance about the customary remuneration test (Non-residents trading in the UK: through UK investment managers, brokers or Lloyd’s agents).
INTM269175 This is a new page concerning the customary remuneration test: avoidance (Non-residents trading in the UK: through UK investment managers, brokers or Lloyd’s agents).
INTM269180 This page has been updated to include reference to legislation at ITA07/S811-816 and ITA07/S825-828. The page provides guidance about the limit to the Income Tax charge on non-residents.
INTM269190 This is a new page which contains the Statement of Practice 1/01 (original issue June 2001).
INTM269200 This is a new page which contains the Statement of Practice 1/01 (as revised and reissued July 2007).
INTM268020 This page (Who can be the non-resident’s UK representative?) has been updated to include reference to Willson v Hooker 67TC585.